CH154120 - Penalties for Failure to Pay on Time: Rules for specific taxes: Registered Pension Scheme (RPS): Penalties: Failure to pay all or part of amounts due - initial penalty

A person incurs an initial penalty when they do not pay the income tax due under the Registered Pension Scheme by the penalty date, see CH154010.

»Ê¹ÚÌåÓýapp amount of the initial penalty is 5% of the amount unpaid at the penalty date.

See the example at CH154180.

FA09/SCH56/PARA3