Penalties charged are for late tax returns and late payment.
For return years 2010/11 onwards
If your return is not received by the date it is due on a fixed penalty of £100 will be charged. If HM Revenue & Customs (HMRC) have still not received your return six months after the date it was due on a further penalty of £100 is charged.
Please note:
Late Filing Penalty
Partnership Late Filing Penalty
Daily Penalty
Partnership Daily Penalty
6 Month Late Filing Penalty
Partnership 6 Months Late Filing Penalty
12 Months Late Filing Penalty
Partnership 12 Months Late Filing Penalty
30 Days Late Payment Penalty
6 Months Late Payment Penalty
12 Months Late Payment Penalty
Late Filing Penalty
For tax return years 2010/11 onwards, if the return is not filed by the due date a late filing penalty of £100 is charged. The penalty charge is a fixed amount and will not be reduced (capped) because the tax liability is less than the penalty, or there is no tax liability or a refund is due.
Partnership Late Filing Penalty
For tax return years 2010/11 onwards, if the Partnership return is not filed by the due date a late filing penalty of £100 is charged on each partner.
Daily Penalty
For tax return years 2010/11 onwards, if the return is not filed three months after the return due date, daily penalties start to accrue. Daily penalties are charged at £10 per day up to a maximum of 90 days. If the return is filed during the 90 days, the £10 per day daily penalty is charged up to and including the date the return was filed.
Partnership Daily Penalty
For tax return years 2010/11 onwards, if the Partnership return is not filed 3 months after the return due date, daily penalties start to accrue. Daily penalties are charged at £10 per day up to a maximum of 90 days on each partner within the Partnership. If the return is filed during the 90 days, the £10 per day daily penalty is charged up to and including the date the return was filed.
6 Months Late Filing Penalty
For tax return years 2010/11 onwards, if the return is not filed 6 months after the return due date, a late filing (tax geared) penalty is charged.
The penalty is the greater of £300 or 5% of the amount of the tax due on the tax return or from a determination.
Partnership 6 Months Late Filing Penalty
For tax return years 2010/11 onwards, if the Partnership return is not filed 6 months after the return due date, a late filing (tax geared) penalty is charged on each partner within the Partnership.
The penalty is the greater of £300 or five per cent of the amount of the tax due on the tax return or from a determination.
12 Months Late Filing Penalty
For tax return years 2010/11 onwards, if the return is not filed 12 months after the return due date, a late filing (tax geared) penalty is charged.
The penalty is the greater of £300 or 5% of the amount of the tax due on the tax return or from a determination.
Partnership 12 Months Late Filing Penalty
For tax return years 2010/11 onwards, if the Partnership return is not filed 12 months after the return due date, a late filing (tax geared) penalty is charged on each partner within the Partnership.
The penalty is the greater of £300 or 5% of the amount of the tax due on the tax return or from a determination.
30 Days Late Payment Penalty
For tax return years 2010/11 onwards a first late payment penalty is imposed where a liability is outstanding more than 30 days after it's due date.
This first amount is 5% of the amount that was outstanding 30 days after it was due.
6 Months Late Payment Penalty
For tax return years 2010/11 onwards a second late payment penalty is imposed where a liability is outstanding more than 30 days plus 5 months after it's due date.
This second amount is 5% of the amount that was outstanding 30 days plus 5 months after it was due.
12 Months Late Payment Penalty
For tax return years 2010/11 onwards a third late payment penalty is imposed where a liability is outstanding more than 30 days plus 11 months after it's due date.
This third amount is 5% of the amount that was outstanding 30 days plus 11 months after it was due.