SCHEDULES

SCHEDULE 55Penalty for failure to make returns etc

F1Amount of penalty: returns for periods of between 2 and 6 months

13B

(1)

P is liable to a penalty under this paragraph of £100.

(2)

In addition, a penalty period begins to run on the penalty date for the return.

(3)

The penalty period ends with the day 12 months after the filing date for the return, unless it is extended under paragraph 13C(2)(c) or 13H(2)(c).