[F1245 Failure to deliver accounts.U.K.
(1)This section applies where a person (“the taxpayer”) fails to deliver an account under section 216 or 217 above.
(2)The taxpayer shall be liable—
(a)to a penalty not exceeding £100; and
(b)to a further penalty not exceeding £60 for every day after the day on which the failure has been declared by a court or the Special Commissioners and before the day on which the account is delivered.
(3)If—
(a)proceedings in which the failure could be declared are not commenced before the end of the relevant period, and
(b)the taxpayer has not delivered the account by the end of that period,
he shall be liable to a further penalty not exceeding £100.
(4)In subsection (3) above “the relevant period” means the period of six months beginning immediately after the end of the period given by section 216(6) or (7) or section 217 above (whichever is applicable).
(5)If the taxpayer proves that his liability to tax does not exceed a particular amount, the penalty under subsection (2)(a) above, together with any penalty under subsection (3) above, shall not exceed that amount.
(6)A person shall not be liable to a penalty under subsection (2)(b) above if he delivers the account required by section 216 or 217 before proceedings in which the failure could be declared are commenced.
(7)A person who has a reasonable excuse for failing to deliver an account shall not be liable by reason of that failure to a penalty under this section, unless he fails to deliver the account without unreasonable delay after the excuse has ceased.]
Textual Amendments
F1Ss. 245, 245A substituted for s. 245 (27.7.1999 with effect as mentioned in s. 108(3) of the amending Act) by 1999 c. 16, s. 108(1)(3)