# Revenue Scotland and Tax Powers Act 2014, Section 162: Land and buildings transaction tax: 6 month penalty for failure to make return


(1) P is liable to a penalty under this section if (and only if) P's failure continues after the end of the period of 6 months beginning with the penalty date.
(2) The penalty under this section is the greater of—
(a) 5% of any liability to tax which would have been shown in the return in question, and
(b) £300.

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Source: https://www.legislation.gov.uk/asp/2014/16/section/162 (the official version)
Page: https://openlegislation.uk/revenue-scotland-and-tax-powers-act-2014/section-162
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.