Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
, see all updates

Penalties for failure to pay on time: rules for specific taxes: Stamp Duty Reserve Tax (SDRT): 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 CH154530,
  • any 5 month further penalty - 5% on tax unpaid 5 months after the penalty date, see CH154540 and
  • any 11 month further penalty - 5% on tax unpaid 11 months after the penalty date.

See the example at CH154560.

FA09/SCH56/PARA3