CH155360 - Penalties for Failure to Pay on Time: Rules for specific taxes: Machine Games Duty (MGD): Penalties: Failure to pay all or part of amounts due - total penalties

The overall penalties for the accounting period are the total of

  • any default penalty (maximum 4%), see CH155340,
  • any 6 month further penalty - 5% of MGD unpaid 6 months after the penalty date, see CH155350, and
  • any 12 month further penalty - 5% of MGD unpaid 12 months after the penalty date.

See the example at CH155370.

FA09/SCH56/PARA3

FA12/SCH24