Section 169 Land and buildings transaction tax: amounts of penalties for failure to pay taxI1

This section applies in the case of a payment of tax falling within item 1 of the table in section 168.

P is liable to a penalty of 5% of the unpaid tax.

If any amount of the tax is unpaid after the end of the period of 5 months beginning with the penalty date, P is liable to a penalty of 5% of that amount.

If any amount of the tax is unpaid after the end of the period of 11 months beginning with the penalty date, P is liable to a penalty of 5% of that amount.