CH401221 | Charging penalties: introduction: penalties for failure to file on time - FA09/Sch55: the tax regimes and returns it applies to

Sch55, FA09 introduced penalties for when returns or other documents are not filed by the appropriate deadline.

At present the tax regimes that Schedule 55 applies to are:

• Income Tax (including Registered Pension Scheme returns, and Class 2 NICs from 2015-16 onwards)

• Capital Gains Tax

• Bank Payroll Tax

• Construction Industry Scheme (CIS)

• Machine Games Duty

• Annual Tax on Enveloped Dwellings (ATED)

• Stamp Duty Reserve Tax (SDRT)

• PAYE reported under Real Time Information (RTI)

• Excise Duties

• Soft Drinks Industry Levy

• Plastic Packaging Tax