Late filing penalties



Late filing penalties

Diagram 1

Occasional returns and returns for periods of 6 months or more

[pic]

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Daily penalties

£10 per day – can run for a maximum of 90 days.

6 month further penalty of

5% of tax due on return, subject to a minimum of £300.

12 month further penalty of 5% of tax due on return, subject to a minimum of £300.

Or, if evidence of deliberate failure, 70%/100% of tax due on return, subject to a minimum of £300.

0 3 6 9 12

Time after filing date (months)

Initial fixed penalty of £100 on penalty date.

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