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HMRC internal manual

Enquiry Manual

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HM Revenue & Customs
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Companies: Rights and Obligations: Penalties for Late Delivery of a CT Return

TMA70/S11

FA98/SCH18/PARA 17

FA98/SCH18/PARA 18

Notice issued before 31 December 1993

The relevant legislation is at TMA70/S94 (old)

Notice issued on or after 31 December 1993

A company that fails to deliver the return by the filing date is liable to

  • a flat-rate penalty of £100, or £200 if the return is not delivered within 3 months after the filing date, increased to £500 and £1,000 respectively for a third successive failure, and
  • a fixed percentage tax-related penalty if the return is not delivered within 18 months after the end of the Return Period, or by the filing date if later, of 10% of the tax unpaid, or 20% if not delivered within 2 years.

The Corporation Tax Computer (COTAX) provides support for making penalty determinations and issues notices. Guidance on the law and practice is in the Company Taxation Manual CTM94000+.