{
  "url": "https://openlegislation.uk/finance-act-1998/schedule-18/paragraph-18",
  "json_url": "https://openlegislation.uk/finance-act-1998/schedule-18/paragraph-18.json",
  "legislation": "ukpga/1998/36",
  "legislation_title": "Finance Act 1998",
  "legislation_url": "https://openlegislation.uk/finance-act-1998",
  "path": "schedule/18/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": null,
  "text": "(1) A company which is required to deliver a company tax return for an accounting period and fails to do so—\n(a) within 18 months after the end of that period, or\n(b) if the filing date is later than that, by the filing date,\nis liable to a tax-related penalty under this paragraph.\nThis is in addition to any flat-rate penalty under paragraph 17.\n(2) The penalty is—\n(a) 10 per cent. of the unpaid tax, if the return is delivered within two years after the end of the period for which the return is required, and\n(b) 20 per cent. of the unpaid tax, in any other case.\n(3) The “unpaid tax” means the amount of tax payable by the company for the accounting period for which the return was required which remains unpaid on the date when the liability to the penalty arises under sub-paragraph (1).\n(4) In determining that amount no account is to be taken of—\n(a) any relief under section 458 of the Corporation Tax Act 2010 (relief in respect of repayment, etc of loan) which is deferred under subsection (5) of that section, or\n(b) any relief under section 464B of that Act (relief in respect of return payment) which is deferred under subsection (5) of that section.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 18 para. 18(4) substituted (retrospective to 20.3.2013) by Finance Act 2013 (c. 29), Sch. 30 para. 13(4)(5)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "omitted",
      "affecting": "ukpga/2024/3",
      "affecting_title": "Finance Act 2024"
    },
    {
      "type": "omitted",
      "affecting": "ukpga/2024/3",
      "affecting_title": "Finance Act 2024"
    },
    {
      "type": "omitted",
      "affecting": "ukpga/2024/3",
      "affecting_title": "Finance Act 2024"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/18",
    "retrieved_at": "2026-10-29T09:22:30.566925+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}