ECL31300 - Enforcement: Penalties: Failure to make the ECL payment on time
Payment of the Economic Crime Levy is covered by SI 2002/269. Part 5 applies where HMRC is the appropriate collection authority.
Where a person is liable to pay the levy to HMRC, it must pay the levy to HMRC.
There are two scenarios where the levy may not have been paid to HMRC: -
- A correct return has been filed but no payment has been made. In this situation HMRC would seek to collect the declared amount without the need for an assessment.
- No return has been filed.
Initial Penalty
The initial penalty on a person who has not paid the ECL by due date is £250.
30 Days Penalty
If the person has still not paid the levy by the date which is 30 days after the due date, an additional £250 penalty is payable.
3 Months Penalty
If the person has not paid the ECL due 3 months after the due date, a penalty amount is payable of 5% of the amount of levy HMRC considers due.
If no return has been submitted, the 5% penalty is calculated by considering information such as the ECL liabilities in previous years and available financial accounts to make a reasonable estimate of what banding the customer will fall in.