Paragraph 52

(1)

A person who is required to file a DST return and fails to do so by the filing date is liable to a penalty under this paragraph.

The person may also be liable to a penalty under paragraph 53 (tax-related penalties).

(2)

The penalty is—

(a)

£100, if the return is delivered within 3 months after the filing date;

(b)

£200, in any other case.

(3)

The amounts are increased to £500 and £1,000 (respectively) for a third successive failure.

(4)

For this purpose, a “third successive failure” occurs where—

(a)

the duty under section 56 (duty to file returns) applies in relation to a group for 3 successive accounting periods,

(b)

a person was liable to a penalty under this paragraph in respect of each of the first 2 accounting periods, and

(c)

a person is liable to a penalty under this paragraph in respect of the third accounting period.