SCHEDULES

C2C10C7C1C6C4C5C9C3SCHEDULE 55Penalty for failure to make returns etc

Annotations:
Modifications etc. (not altering text)
C2

Sch. 55 modified (8.4.2010) by Finance Act 2010 (c. 13), Sch. 1 para. 38

C1

Sch. 55 applied (with modifications) by S.I. 2001/1004, Sch. 4 para. 21G (as inserted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Social Security (Contributions) (Amendment No. 4) Regulations 2014 (S.I. 2014/2397), regs. 1(1), 3(5))

C6

Sch. 55 applied (with modifications) by 1992 c. 4, s. 11A(1)(3) (as inserted (with effect in accordance with Sch. 1 para. 35 of the amending Act) by National Insurance Contributions Act 2015 (c. 5), Sch. 1 para. 3)

C4

Sch. 55 applied (with modifications) by 1992 c.7 (N.I.), s. 11A(1)(3) (as inserted (with effect in accordance with Sch. 1 para. 35 of the amending Act) by National Insurance Contributions Act 2015 (c. 5), Sch. 1 para. 12)

C5

Sch. 55 applied (with modifications) (with application in accordance with reg. 1 of the amending S.I.) by The Education (Postgraduate Masters Degree Loans) Regulations 2016 (S.I. 2016/606), regs. 1(1), 50(1)(2)

C9

Sch. 55 modified (temp.) (with effect in accordance with Sch. 10 para. 43 of the amending Act) by Finance Act 2022 (c. 3), Sch. 10 para. 26 (as amended (5.1.2023) by S.I. 2022/1321, regs. 1, 2(2)

F2Amount of penalty: occasional returns and annual returnsF2Amount of penalty: occasional returns and returns for periods of 6 months or more

Annotations:
Amendments (Textual)
F2

Sch. 55 para. 2 and cross-heading substituted (12.2.2019 for the purposes of soft drinks industry levy) by Finance (No. 3) Act 2010 (c. 33), s. 26(2), Sch. 10 para. 3; 2019 c. 1, s. 67(2)

I1I3I4I2C8F22

Paragraphs 3 to 6 apply in the case of a return falling within any of items F11 to 3, 5 and 7 to 13 in the Table.

F21

Paragraphs 3 to 6 apply in the case of—

a

a return falling within any of items F31 to 5F32A, 4, 4A, 5, 7 and 8 to 13 in the Table,

b

a return falling within any of items 7A, 7B and 14 to F428F429 which relates to a period of 6 months or more, and

c

a return falling within item 7A which relates to a transitional period for the purposes of the annual accounting scheme.

2

In sub-paragraph (1)(c), a transitional period for the purposes of the annual accounting scheme is a prescribed accounting period (within the meaning of section 25(1) of VATA 1994) which—

a

ends on the day immediately preceding the date indicated by the Commissioners for Her Majesty's Revenue and Customs in a notification of authorisation under regulation 50 of the Value Added Tax Regulations 1995 (S.I. 1995/2518) (admission to annual accounting scheme), or

b

begins on the day immediately following the end of the last period of 12 months for which such an authorisation has effect.