ACCA TX UK Syllabus A. UK Tax System & Administration - Late filing of returns - Notes 2 / 2
You have to pay a PENALTY
| Date of filing the return | Penalty |
|---|---|
| After due date | £100 |
| Late by 3 months or more | Above penalty + £10 per day (max 90 days) |
| Late by 6 months or more | Above penalties + 5% of tax due (min £300) |
| Late by 12 months or more: | Above penalties plus: |
| Not deliberate | Additional 5% of tax due (min £300) |
| Deliberate but no concealment | 70% of tax due (min £300) |
| Deliberate with concealment | 100% of tax due (min £300) |