CTSA: penalties for late returns: general
Subject to the exemptions outlined below, a company that fails to deliver its company tax return by the filing date is liable to penalties under FA98/SCH18/PARAS 17 & 18 (formerly TMA70/S94).
The amount of penalty varies according to how long after the statutory filing date the company delivers its company tax return.
Penalties can be:
- flat-rate (CTM94040)
- tax-related (CTM94060).
Penalties are chargeable by determination under TMA70/S100. Any Inspector who handles CT cases can determine them.