Penalties for late filing

Copyright © 2025 LexisNexis
Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Penalties for late filing

Copyright © 2025 LexisNexis
Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
imgtext

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.

When is a return considered to be delivered to HMRC?

Online returns are automatically recorded as being received as soon as the HMRC computer system receives the return. Simple checks are carried out automatically and HMRC reviews the return to ensure it is complete.

Returns sent by post or delivered in person are considered to be delivered when physically handed over to HMRC office staff, or placed in an HMRC office letter box during work hours. HMRC will update its computer system to show the return has been received,

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  • 13 Oct 2025 09:10

Home/ Tolley Tax Guidance/ Owner-Managed Businesses / Enquiries, penalties and appeals

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