V5.353 Failure to furnish returns or pay taxA person is liable to civil penalties if1— (1) he fails to pay tax due for a prescribed accounting period within the prescribed time limit; or (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) satisfies HMRC or, on appeal, a tribunal that there is a reasonable excuse3 for the conduct; (2) is convicted of an offence in respect of it; (3) is assessed to a civil penalty under VATA 1994 ss 60 (see V5.341) or 63 (see V5.345) in respect of it;
A person is liable to civil penalties if1—
(1) he fails to pay tax due for a prescribed accounting period within the prescribed time limit; or
(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) satisfies HMRC or, on appeal, a tribunal that there is a reasonable excuse3 for the conduct;
(2) is convicted of an offence in respect of it;
(3) is assessed to a civil penalty under VATA 1994 ss 60 (see V5.341) or 63 (see V5.345) in respect of it;
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.