COM100001 | Penalties: late delivery of returns: introduction

A company that fails to deliver its return by the filing date is normally liable to penalties under Paragraphs 17 and 18 Schedule 18 Finance Act (FA) 1998. The amount of the penalty depends on the date that the company delivers the return.

These penalties are defined in Paragraphs 17 and 18 FA 1998 as flat-rate or tax-related.

You charge penalties by determination, under Section 100 Taxes Management Act 1970. Anyone with the Technical Caseworker, CT Co-ordinator or Clerical Support role can determine penalties. In most cases, COTAX calculates and issues penalty determinations automatically.

COTAX provides support for late-filing penalties only. It does not cater for other types of penalties, such as those which may be due if a company fails to give notice of chargeability.

See Glossary for more information on filing date.