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.