CH401221 - Charging penalties: introduction: penalties for failure to file on time - FA09/Sch55: the tax regimes and returns it applies to

FA09/Sch55 introduced penalties for when returns or other documents are not filed by the appropriate deadline.

At present the tax regimes that Schedule 55 applies to are

• Income Tax (including Registered Pension Scheme returns)
• Capital Gains Tax
• Bank Payroll Tax
• Construction Industry Scheme (CIS)
• Machine Games Duty from 1 February 2013
• Annual Tax on Enveloped Dwellings (ATED)
• Stamp Duty Reserve Tax (SDRT)
• PAYE reported under Real Time Information (RTI) from

• 6 October 2014 for employers with 50 or more employees
• 6 March 2015 for employers who have fewer than 50 employees.

The returns that Schedule 55 applies to are

• Income Tax returns for 2010-11 onwards
• Registered Pension Scheme returns due to be filed on or after 30 September 2010
• Construction Industry Scheme (CIS) returns to be filed from 19 October 2011 onwards
• Bank Payroll Tax returns due to be filed on or before 31 August 2010
• Machine Games Duty returns for periods on or after 1 February 2013
• Annual Tax on Enveloped Dwellings (ATED) returns covering the chargeable period beginning on 1 April 2013 and ending 31 March 2014 and every return thereafter
• Stamp Duty Reserve Tax (SDRT) – transactions under Regulations 2 and 4(1)(a) of the Stamp Duty Reserve Regulations S.I. 1986/1711 that are due to be reported on or after 1 September 2014
• PAYE RTI returns to be filed from

• 6 October for employers with 50 or more employees
• 6 March 2015 for employers who have fewer than 50 employees.