Commentary

V5.353 Failure to furnish returns or pay tax

Part V5 Compliance, enforcement and appeals

V5.353 Failure to furnish returns or pay tax

V5.353 Failure to furnish returns or pay tax

A person is liable to civil penalties if1

  1.  

    (1)     he fails to pay tax due for a prescribed accounting period within the prescribed time limit; or

  2.  

    (2)     he fails to furnish a return in respect of a prescribed accounting period within the prescribed time limit.

However, such conduct does not give rise to penalties if the person concerned either2

  1.  

    (1)     satisfies HMRC or, on appeal, a tribunal that there is a reasonable excuse3 for the conduct;

  2.  

    (2)     is convicted of an offence in respect of it;

  3.  

    (3)     is assessed to a civil penalty under VATA 1994 ss 60 (see V5.341) or 63 (see V5.345) in respect of it;

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