CH61160 - Penalties for Failure to File on Time: In what circumstances is a penalty payable: Penalty date
»Ê¹ÚÌåÓýapp penalty date is the day on which a penalty for failing to file on time first becomes payable.
»Ê¹ÚÌåÓýapp first penalty is the initial fixed penalty, see CH62100, CH62340 and CH62720, and becomes payable on the penalty date, which is the day after the filing date. »Ê¹ÚÌåÓýapprefore, the penalty date is always the day after the filing date.
Where a person becomes liable to further penalties because the return or other document remains outstanding for a certain period of time, for example at 6 or 12 months, a further penalty date is not created. Instead the further penalties are incurred at the end of a period from the penalty date. Examples can be found at CH62140, CH62160 and CH62200.
Note: see CH62820 and CH62840 which explain the different rules for Real Time Information Returns.
FA09/SCH55/PARA1