CH155510 - Penalties for failure to pay on time: rules for specific taxes: Soft Drinks Industry Levy (SDIL): penalties - example
Example of initial and further penalties on an amount of Soft Drinks Industry Levy
Fizz Pop Ltd delivers a return showing it is due to pay £90,000 of SDIL on 30 June 2020, but it fails to make the payment. »Ê¹ÚÌåÓýapp company makes some payments at later dates, as shown in the table below.
»Ê¹ÚÌåÓýapp due date is 30 June 2020. »Ê¹ÚÌåÓýapp penalty date is 1 July 2020. »Ê¹ÚÌåÓýapp penalties are as follows.
- |
Payment |
Unpaid SDIL |
Penalty |
|---|---|---|---|
Amount due at 30 June 2020 |
- |
£90,000 |
- |
Initial penalty of 5% on £90,000 at 1 July 2020 |
- |
- |
£4,500 |
Payment 1 September 2020 |
£50,000 |
£40,000 |
- |
5 month further penalty of 5% on £40,000 at 1 December 2020 |
- |
- |
£2,000 |
Payment 1 January 2021 |
£20,000 |
£20,000 |
- |
11 month further penalty of 5% on £20,000 at 1 June 2021 |
- |
- |
£1,000 |
Total penalty |
- |
- |
£7,500 |