For company tax returns, the late filing penalty provisions in FA 1998, Sch 18, Pt I et seq, summarised below remain in force and have not been superseded by the harmonised penalty regime.
Fixed penalty
There is an automatic fixed penalty of £100 if a company tax return is not delivered by the filing date (see D1.1308), which is increased to £200 if the return is not delivered within three months after the filing date1.
These penalties are increased to £500 and £1,000 respectively where the company:
- Ìý
(a)ÌýÌýÌýÌý has been within the charge to corporation tax for each of the two preceding accounting periods
- Ìý
(b)ÌýÌýÌýÌý has been required to deliver a return for each of those periods, and
- Ìý
(c)ÌýÌýÌýÌý a fixed penalty has been imposed for each of
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