SCHEDULES

SCHEDULE 50Penalties: late filing, late payment and errors

Amendments to Schedule 55 to FA 2009: penalty for failure to make returns

8

1

Paragraph 19 (assessment) is amended as follows.

2

In sub-paragraph (2) after “Date A is” insert

—

a

in the case of an assessment of a penalty under paragraph 6C, the last day of the period of 2 years beginning with the end of the tax month in respect of which the penalty is payable,

b

in the case of an assessment of a penalty under paragraph 6D, the last day of the period of 2 years beginning with the filing date for the relevant extended failure (as defined in paragraph 6D(10)), and

c

in any other case,

3

In sub-paragraph (3)(a), after “return” insert “ or returns (as the case may be in relation to penalties under section 6C or 6D) ”.