Skip to content
Solved

CH152900 | Penalties for Failure to Pay on Time: Rules for specific taxes: Pay As You Earn (PAYE) and National Insurance Contributions (NIC): Penalties: annual payment obligations - total penalties

From HM Revenue & Customs · Compliance Handbook

The overall penalties for the tax year are the total of

  • any initial penalty - 5% on tax unpaid at the penalty date, see CH152800

  • any 5 month further penalty - 5% on tax unpaid 5 months after the penalty date, see CH152850, and

  • any 11 month further penalty - 5% on tax unpaid 11 months after the penalty date.

See the example at CH152950.

FA09/SCH56/PARA3

FA09/SCH56/PARA5

FA09/SCH56/PARA6

FA09/SCH56/PARA7

FA09/SCH56/PARA8