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Section 120 Penalty for failure to make devolved tax return within 12 months from filing dateF5I1

England and Wales

(1)

A person F1who is required to make a F2devolved tax return is liable to a penalty if the person's failure to make a devolved tax return continues after the end of the period of 12 months beginning with the day after the filing date.

(2)

Where, by failing to make the F3devolved tax return, the person deliberately withholds information which would enable or assist WRA to assess the person's liability to a devolved tax, the penalty is F4—

(a)

£300, or

(b)

a greater amount, not exceeding 95% of the amount of devolved tax to which the person would have been liable if the tax return had been made.

(3)

In any case not falling within subsection (2), the penalty is the greater of—

(a)

5% of the amount of the devolved tax to which the person would have been liable if the tax return had been made, and

(b)

£300.

Annotations

Textual amendments

F1

Words in s. 120(1) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 41(a); S.I. 2018/34, art. 3

F2

Word in s. 120(1) inserted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 41(b)

F3

Word in s. 120(2) inserted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 41(c)

F4

Words in s. 120(2) substituted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 41(b); S.I. 2018/34, art. 3

F5

Word in s. 120 heading inserted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 41(a)

Commencement

I1

S. 120 in force at 1.4.2018 by S.I. 2018/33, art. 3

Notes on the whole Act

Textual amendments

F1

Word in Act substituted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 21

Notes on Chapter 2

Textual amendments

F1

Words in Pt. 5 Ch. 2 heading inserted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 23

Notes on Penalty for failure to make devolved tax return

Textual amendments

F1

Word in s. 118 cross-heading inserted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 38