COM101060 - Penalties: penalty determinations: multiple penalties on a single notice
Penalties for failure to comply with a notice to deliver are imposed by Paragraphs (Para) 17 and 18 Schedule 18 Finance Act (FA) 1998.
Because a notice can cover more than one return period more than one penalty may be due in respect of the same notice.
Example
A Ltd makes up its accounts for the year to 31/12/2023.
It ceased trading on 30/09/2010 but continued to receive investment income after that date.
APs |
9 months to 30/09/2023 |
3 months to 31/12/2023 |
|---|---|---|
Specified period on notice to deliver |
01/01/2023- 31/12/2023 |
01/01/2023 - 31/12/2023 |
Notice served |
19/01/2024 |
19/01/2024 |
Returns required by notice |
APE 30/09/2023 |
APE 31/12/2023 |
Filing Date |
31/12/2024 |
31/12/2024 |
Return delivered on |
01/02/2025 |
01/02/2025 |
Penalties due under |
Para 17 Sch 18 FA 1998 |
Para 17 Sch 18 FA 1998 |
Amount of penalty |
£100 (Para 14(1)(b) Sch 18 FA 1998) |
£100 (Para 14(1)(b) Sch 18 FA 1998) |
The penalties are incurred in respect of the same notice to deliver and would be charged in the same determination.
See COM101011 for legislation applying to this subject.