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HMRC internal manual

Compliance Handbook

HM Revenue & Customs
, see all updates

Penalties for Failure to Pay on Time: Rules for specific taxes: Bank Payroll Tax (BPT): Penalties: Failure to pay all or part of amounts due - total penalties

The overall penalties for the chargeable period are the total of

  • any initial penalty - 5% on tax unpaid at the penalty date, see CH153620,
  • any 5 month further penalty - 5% on tax unpaid 5 months after the penalty date, see CH153640, and
  • any 11 month further penalty - 5% on tax unpaid 11 months after the penalty date.

See the example at CH153680.