Ss. 125-128 applied (1.4.2018) by The Tax Collection and Management (Reimbursement Arrangements) (Wales) Regulations 2018 (S.I. 2018/88), regs. 1(2), 8(3)

S. 127 in force at 1.4.2018 by S.I. 2018/33, art. 3

Words in Pt. 5 Ch. 2 heading inserted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 23

S. 127(6A)(6B) inserted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 27(3)

Words in s. 127(5) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 46(a); S.I. 2018/34, art. 3

Word in s. 127(5) inserted (1.4.2018) by Landfill Disposals Tax (Wales) Act 2017 (anaw 3), s. 97(2), Sch. 4 para. 14(a); S.I. 2018/35, art. 3

Words in s. 127(6) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 46(b); S.I. 2018/34, art. 3

Word in s. 127(6) inserted (1.4.2018) by Landfill Disposals Tax (Wales) Act 2017 (anaw 3), s. 97(2), Sch. 4 para. 14(b); S.I. 2018/35, art. 3

Words in s. 127(1)(c) substituted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 27(2)

Words in s. 127(7) substituted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 27(4)

http://www.legislation.gov.uk/anaw/2016/6/section/127Tax Collection and Management (Wales) Act 2016An Act of the National Assembly for Wales to establish the Welsh Revenue Authority; to make provision about the collection and management of devolved taxes; and for connected purposes.texttext/xmlenStatute Law Database2024-08-13Expert Participation2024-07-12PART 5PENALTIESCHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITSPenalties under Chapter 2: general
127Assessment of penalties under Chapter 21

Where a person becomes liable to a penalty under this Chapter, WRA must—

a

assess the penalty,

b

issue notice to the person of the penalty assessed, and

c

state in the notice the period , transaction or amount in respect of which the penalty has been assessed.

2

An assessment of a penalty under this Chapter may be combined with an assessment to a devolved tax.

3

A supplementary assessment may be made in respect of a penalty under section 119 or 120 if an earlier assessment operated by reference to an underestimate of the amount of devolved tax to which a person would have been liable if a tax return had been made.

4

If—

a

an assessment in respect of a penalty under section 119 or 120 is based on the amount of devolved tax to which a person would have been liable if a tax return had been made, and

b

that liability is found by WRA to be excessive,

WRA may issue a notice to the person liable to the penalty amending the assessment so that it is based on the correct amount.

5

A supplementary assessment may be made in respect of a penalty under section 122 , 122ZAor 122A if an earlier assessment operated by reference to an underestimate of the amount of devolved tax which was payable.

6

If an assessment in respect of a penalty under section 122 , 122ZAor 122A is based on an amount of tax payable that is found by WRA to be excessive, WRA may issue a notice to the person liable to the penalty amending the assessment so that it is based on the correct amount.

6A

A supplementary assessment may be made in respect of a penalty under section 123A if an earlier assessment operated by reference to an underestimate of the amount payable in respect of the tax credit in question.

6B

If an assessment in respect of a penalty under section 123A is based on an amount that is found by WRA to be excessive, WRA may issue a notice to the person liable to the penalty amending the assessment so that it is based on the correct amount.

7

An amendment made under subsection (4) , (6) or (6B)

a

does not affect when the penalty must be paid, and

b

may be made after the last day on which the assessment in question could have been made under section 128.

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<note class="commentary C" eId="key-691c5de6a928510e4764f4689e739dc9">
<p>
Ss. 125-128 applied (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/wsi/2018/88">The Tax Collection and Management (Reimbursement Arrangements) (Wales) Regulations 2018 (S.I. 2018/88)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/88/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/88/regulation/8/3">8(3)</ref>
</p>
</note>
<note class="commentary I" eId="key-de0d9d61beb189d008dbf9b1fa1b9c00">
<p>
S. 127 in force at 1.4.2018 by
<ref href="http://www.legislation.gov.uk/id/wsi/2018/33">S.I. 2018/33</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/33/article/3">art. 3</ref>
</p>
</note>
<note class="commentary F" eId="key-cbace0cc81c01ab9941fe34dcc2b8a2d">
<p>
Words in Pt. 5 Ch. 2 heading inserted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101">The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/regulation/1/2">reg. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/schedule/paragraph/23">Sch. para. 23</ref>
</p>
</note>
<note class="commentary F" eId="key-3f6f3b9e260f14f3f93f93e131ba4788">
<p>
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/6A">S. 127(6A)</ref>
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/6B">(6B)</ref>
inserted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101">The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/regulation/1/2">reg. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/schedule/paragraph/27/3">Sch. para. 27(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-0b911824da57c5d3e311b16c9b964773">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/5">s. 127(5)</ref>
inserted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1">Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1/section/81/2">s. 81(2)</ref>
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1/section/81/3">(3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1/schedule/23/paragraph/46/a">Sch. 23 para. 46(a)</ref>
;
<ref href="http://www.legislation.gov.uk/id/wsi/2018/34">S.I. 2018/34</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/34/article/3">art. 3</ref>
</p>
</note>
<note class="commentary F" eId="key-9f83a784665a614749d3e360ca5f7096">
<p>
Word in
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/5">s. 127(5)</ref>
inserted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/anaw/2017/3">Landfill Disposals Tax (Wales) Act 2017 (anaw 3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/3/section/97/2">s. 97(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/3/schedule/4/paragraph/14/a">Sch. 4 para. 14(a)</ref>
;
<ref href="http://www.legislation.gov.uk/id/wsi/2018/35">S.I. 2018/35</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/35/article/3">art. 3</ref>
</p>
</note>
<note class="commentary F" eId="key-327acafee86f1ad2d9f28834cb0b7590">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/6">s. 127(6)</ref>
inserted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1">Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1/section/81/2">s. 81(2)</ref>
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1/section/81/3">(3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/1/schedule/23/paragraph/46/b">Sch. 23 para. 46(b)</ref>
;
<ref href="http://www.legislation.gov.uk/id/wsi/2018/34">S.I. 2018/34</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/34/article/3">art. 3</ref>
</p>
</note>
<note class="commentary F" eId="key-2a4cde183880428c95aedab39f2fe80a">
<p>
Word in
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/6">s. 127(6)</ref>
inserted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/anaw/2017/3">Landfill Disposals Tax (Wales) Act 2017 (anaw 3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/3/section/97/2">s. 97(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/anaw/2017/3/schedule/4/paragraph/14/a">Sch. 4 para. 14(b)</ref>
;
<ref href="http://www.legislation.gov.uk/id/wsi/2018/35">S.I. 2018/35</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/35/article/3">art. 3</ref>
</p>
</note>
<note class="commentary F" eId="key-acf90e612ee0abd062050db36e84c6cd">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/1/c">s. 127(1)(c)</ref>
substituted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101">The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/regulation/1/2">reg. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/schedule/paragraph/27/2">Sch. para. 27(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-02dd51a3d149ec2f4feb340aa177f2eb">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/anaw/2016/6/section/127/7">s. 127(7)</ref>
substituted (1.4.2018) by
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101">The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/regulation/1/2">reg. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/wsi/2018/101/schedule/paragraph/27/4">Sch. para. 27(4)</ref>
</p>
</note>
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<portionBody eId="body" period="#period3">
<part eId="part-5" period="#period2">
<num>
<strong>PART 5</strong>
</num>
<heading>PENALTIES</heading>
<chapter eId="part-5-chapter-2" period="#period2">
<num>CHAPTER 2</num>
<heading>
PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX
<ins class="key-cbace0cc81c01ab9941fe34dcc2b8a2d-1529419715171 first last">
<noteRef href="#key-cbace0cc81c01ab9941fe34dcc2b8a2d" marker="F1" class="commentary attribute F"/>
OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS
</ins>
</heading>
<hcontainer name="crossheading" eId="part-5-chapter-2-crossheading-penalties-under-chapter-2-general" period="#period1">
<heading>
<em>Penalties under Chapter 2: general</em>
</heading>
<section eId="section-127" period="#period1">
<num>
<noteRef href="#key-de0d9d61beb189d008dbf9b1fa1b9c00" marker="I1" class="commentary I"/>
<noteRef href="#key-691c5de6a928510e4764f4689e739dc9" marker="C1" class="commentary C"/>
127
</num>
<heading>Assessment of penalties under Chapter 2</heading>
<subsection eId="section-127-1">
<num>1</num>
<intro>
<p>Where a person becomes liable to a penalty under this Chapter, WRA must—</p>
</intro>
<paragraph eId="section-127-1-a">
<num>a</num>
<content>
<p>assess the penalty,</p>
</content>
</paragraph>
<paragraph eId="section-127-1-b">
<num>b</num>
<content>
<p>issue notice to the person of the penalty assessed, and</p>
</content>
</paragraph>
<paragraph eId="section-127-1-c">
<num>c</num>
<content>
<p>
state in the notice the period
<ins class="substitution key-acf90e612ee0abd062050db36e84c6cd-1529495801716 first last">
<noteRef href="#key-acf90e612ee0abd062050db36e84c6cd" marker="F7" class="commentary attribute F"/>
, transaction or amount
</ins>
in respect of which the penalty has been assessed.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-127-2">
<num>2</num>
<content>
<p>An assessment of a penalty under this Chapter may be combined with an assessment to a devolved tax.</p>
</content>
</subsection>
<subsection eId="section-127-3">
<num>3</num>
<content>
<p>A supplementary assessment may be made in respect of a penalty under section 119 or 120 if an earlier assessment operated by reference to an underestimate of the amount of devolved tax to which a person would have been liable if a tax return had been made.</p>
</content>
</subsection>
<subsection eId="section-127-4">
<num>4</num>
<intro>
<p>If—</p>
</intro>
<paragraph eId="section-127-4-a">
<num>a</num>
<content>
<p>an assessment in respect of a penalty under section 119 or 120 is based on the amount of devolved tax to which a person would have been liable if a tax return had been made, and</p>
</content>
</paragraph>
<paragraph eId="section-127-4-b">
<num>b</num>
<content>
<p>that liability is found by WRA to be excessive,</p>
</content>
</paragraph>
<wrapUp>
<p>WRA may issue a notice to the person liable to the penalty amending the assessment so that it is based on the correct amount.</p>
</wrapUp>
</subsection>
<subsection eId="section-127-5">
<num>5</num>
<content>
<p>
A supplementary assessment may be made in respect of a penalty under section 122
<ins class="key-9f83a784665a614749d3e360ca5f7096-1529495639818 first last">
<noteRef href="#key-9f83a784665a614749d3e360ca5f7096" marker="F4" class="commentary attribute F"/>
, 122ZA
</ins>
<ins class="key-0b911824da57c5d3e311b16c9b964773-1529495613640 first last">
<noteRef href="#key-0b911824da57c5d3e311b16c9b964773" marker="F3" class="commentary attribute F"/>
or 122A
</ins>
if an earlier assessment operated by reference to an underestimate of the amount of devolved tax which was payable.
</p>
</content>
</subsection>
<subsection eId="section-127-6">
<num>6</num>
<content>
<p>
If an assessment in respect of a penalty under section 122
<ins class="key-2a4cde183880428c95aedab39f2fe80a-1529495742201 first last">
<noteRef href="#key-2a4cde183880428c95aedab39f2fe80a" marker="F6" class="commentary attribute F"/>
, 122ZA
</ins>
<ins class="key-327acafee86f1ad2d9f28834cb0b7590-1529495706111 first last">
<noteRef href="#key-327acafee86f1ad2d9f28834cb0b7590" marker="F5" class="commentary attribute F"/>
or 122A
</ins>
is based on an amount of tax payable that is found by WRA to be excessive, WRA may issue a notice to the person liable to the penalty amending the assessment so that it is based on the correct amount.
</p>
</content>
</subsection>
<subsection eId="section-127-6A">
<num>
<ins class="key-3f6f3b9e260f14f3f93f93e131ba4788-1529495592084 first">
<noteRef href="#key-3f6f3b9e260f14f3f93f93e131ba4788" marker="F2" class="commentary attribute F"/>
6A
</ins>
</num>
<content>
<p>
<ins class="key-3f6f3b9e260f14f3f93f93e131ba4788-1529495592084">A supplementary assessment may be made in respect of a penalty under section 123A if an earlier assessment operated by reference to an underestimate of the amount payable in respect of the tax credit in question.</ins>
</p>
</content>
</subsection>
<subsection eId="section-127-6B">
<num>
<ins class="key-3f6f3b9e260f14f3f93f93e131ba4788-1529495592084">6B</ins>
</num>
<content>
<p>
<ins class="key-3f6f3b9e260f14f3f93f93e131ba4788-1529495592084 last">If an assessment in respect of a penalty under section 123A is based on an amount that is found by WRA to be excessive, WRA may issue a notice to the person liable to the penalty amending the assessment so that it is based on the correct amount.</ins>
</p>
</content>
</subsection>
<subsection eId="section-127-7">
<num>7</num>
<intro>
<p>
An amendment made under subsection (4)
<ins class="substitution key-02dd51a3d149ec2f4feb340aa177f2eb-1529495835324 first last">
<noteRef href="#key-02dd51a3d149ec2f4feb340aa177f2eb" marker="F8" class="commentary attribute F"/>
, (6) or (6B)
</ins>
</p>
</intro>
<paragraph eId="section-127-7-a">
<num>a</num>
<content>
<p>does not affect when the penalty must be paid, and</p>
</content>
</paragraph>
<paragraph eId="section-127-7-b">
<num>b</num>
<content>
<p>may be made after the last day on which the assessment in question could have been made under section 128.</p>
</content>
</paragraph>
</subsection>
</section>
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