# Finance Act 2026, Section 265: Failure to deliver company tax returns

Extent: E+W+S+N.I.

(1) In paragraph 17 of Schedule 18 to FA 1998 (failure to deliver company tax return: flat-rate penalty)—
(a) in sub-paragraph (2)—
(i) in paragraph (a), for “£100” substitute “£200”;
(ii) in paragraph (b), for “£200” substitute “£400”;
(b) in sub-paragraph (3), in the opening words—
(i) for “£500” substitute “£1000”;
(ii) for “£1000” substitute “£2000”;
(c) after sub-paragraph (4) insert—
“(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.
(6) Regulations under sub-paragraph (5) may include transitional and saving provision.
(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.”
(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.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/section/265 (the official version)
Page: https://openlegislation.uk/finance-act-2026/section-265
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.