Introduction

A single regime that imposes penalties for failure to make or deliver returns or documents on or before the statutory filing date for the particular return in question was legislated in FA 2009, Sch 55.

Despite this intention, the FA 2009, Sch 55 penalty regime does not apply to:

1. •

   corporation tax returns

2. •

   inheritance tax returns

3. •

   share scheme returns

4. •

   digital services tax returns

5. •

   VAT returns

The penalties under the FA 2009, Sch 55 regime and the penalties outside of that regime are summarised below.

Note that it is expected that the FA 2021 late payment penalties regime that applies for making tax digital (see ‘New late filing penalty regime for income tax self assessment’ below) will apply to all taxpayers within income tax self assessment from the 2026/27 tax year.