SCHEDULES
C1SCHEDULE 26Penalties for failure to pay tax
Annotations:
Modifications etc. (not altering text)
PART 2Liability to a penalty
No penalty if payment in full before end of 15 day period
I1I24
No penalty is payable if—
a
the tax due is paid in full before the end of the 15 day period, or
b
the 15 day time to pay condition is met,
(but see paragraph 7).
Sch. 26 modified (1.3.2024) by 1994 c. 23, Sch. 9ZF para. 13A (as inserted by The Value Added Tax (Distance Selling) (Amendments) Regulations 2024 (S.I. 2024/128), regs. 1(1), 6(6) (with reg. 1(2)))