Commentary

A4.563 Late payment penalties—reductions etc

Administration and compliance

A4.563 Late payment penalties—reductions etc

A4.563 Late payment penalties—reductions etc

The statutory framework for penalties applicable to other harmonised regime penalty legislation, which applies higher levels of penalty to deliberate actions and which allows for a reduction related to the quality of disclosure, does not apply to late payment penalties. A penalty is chargeable as a result of simple failure to pay. Subject to what is said below, the penalty for failure is the same for all.

Reasonable excuse

The taxpayer is not liable to a late payment penalty if they had a reasonable excuse for the failure to pay on time1.

For these purposes, the taxpayer

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