# Finance Act 2003, Paragraph 3


(1) A person who is required to deliver a land transaction return and fails to do so by the filing date is liable to a flat-rate penalty under this paragraph.
He may also be liable to a tax-related penalty under paragraph 4.
(2) The penalty is—
(a) £100 if the return is delivered within three months after the filing date, and
(b) £200 in any other case.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/10/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-10/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.