{
  "url": "https://openlegislation.uk/finance-act-2026/section-265",
  "json_url": "https://openlegislation.uk/finance-act-2026/section-265.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "section/265",
  "kind": "section",
  "number": "265",
  "heading": "Failure to deliver company tax returns",
  "text": "(1) In paragraph 17 of Schedule 18 to FA 1998 (failure to deliver company tax return: flat-rate penalty)—\n(a) in sub-paragraph (2)—\n(i) in paragraph (a), for “£100” substitute “£200”;\n(ii) in paragraph (b), for “£200” substitute “£400”;\n(b) in sub-paragraph (3), in the opening words—\n(i) for “£500” substitute “£1000”;\n(ii) for “£1000” substitute “£2000”;\n(c) after sub-paragraph (4) insert—\n“(5) The Commissioners for His Majesty’s Revenue and Customs may by regulations amend sub-paragraph (2) or (3) so as to increase or decrease the amount of a penalty for the time being specified in those sub-paragraphs.\n(6) Regulations under sub-paragraph (5) may include transitional and saving provision.\n(7) A statutory instrument containing regulations under sub-paragraph (5) which increase the amount of a penalty by more than is necessary to reflect changes in the value of money may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.”\n(2) The amendments made by subsection (1)(a) and (b) have effect in relation to a failure to deliver a company tax return for which the filing date is on or after 1 April 2026.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/11/section/265",
    "retrieved_at": "2026-10-29T08:42:24.914774+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."
}