RPDT30200 - Administration of RPDT: requirement to provide information about payments - section 46 Finance Act 2022
HMRC requires information from companies making payments of RPDT, so receipts from the tax can be monitored. Under FA22/S46, the obligation requires the company making a payment that includes amounts of RPDT to specify to HMRC the amount of that payment which is RPDT, on or before the date the payment is made. The company making the payment could be the RP developer itself, or a separate company under a group payment arrangement.
The company making the payment or requesting a reallocation of amounts already paid is encouraged to use the standard forms prepared by HMRC.
Quantification Notice (Main form)
Quantification Notice Schedule (for use when completing QN for multiple companies)
Completed forms should be sent to rpdtadministration@hmrc.gov.uk.
Where payments are made under group payment arrangements, there is no need to specify the allocation to each company at the time a quarterly payment is made. An allocation to individual group companies’ RPDT liability will be required in due course, as for Corporation Tax.
FA22/S46(5) treats this requirement to provide information about payments of RPDT as a requirement in an information notice issued by HMRC. Failure to meet this requirement can therefore lead to a penalty calculated in accordance with FA08/SCH36/PART7, meaning an initial penalty of £300 followed by daily penalties of up to £60.
RPDT01100 contains a general introduction to RPDT and a list of abbreviations used.