Section 54 | Penalties and interest

Table shown as text

Penalty or interest Description of tax, levy or duty Interest under any provision of Part 9 of TMA 1970 Income tax, capital gains tax and corporation tax Interest under section 101 of FA 2009 in connection with sums required to be deducted under section 61 of FA 2004 (construction industry) Penalty under any of sections 60 to 70 of VATA 1994 Value added tax Interest under section 101 of FA 2009 in respect of an amount of value added tax Penalty under any of sections 8 to 11 of FA 1994 Excise duties Penalty under any of paragraphs 12 to 19 of Schedule 7 to FA 1994 Insurance premium tax Interest under section 60(8) of FA 1994 or paragraph 21 of Schedule 7 to FA 1994 Penalty under any provision of Part 5 of Schedule 5 to FA 1996 Landfill tax Interest under section 56(5) of, or paragraph 26 or 27 of Schedule 5 to, FA 1996 Penalty under any provision of Schedule 6 to FA 2000 Climate change levy Interest under any of paragraphs 70, 81 to 85 , 109 and 123(6) of that Schedule Penalty under any provision of Part 2 of FA 2001 Aggregates levy Interest under section 42(6) of, or any of paragraphs 5 to 9 of Schedule 5 to, paragraph 6 of Schedule 8 to and paragraph 5 of Schedule 10 to, FA 2001 Penalty under section 25 or 26 of FA 2003 Customs duties Penalty under any provision of Part 4 of FA 2003 Stamp duty land tax Interest under any provision of that Part Penalty under Schedule 24 to FA 2007 Various taxes and excise duties Penalty under Schedule 41 to FA 2008 Various taxes and excise duties Penalty under Schedule 16 to F(No. 2)A 2017 Various taxes