{
  "url": "https://openlegislation.uk/taxes-management-act-1970/schedule-A1/paragraph-12",
  "json_url": "https://openlegislation.uk/taxes-management-act-1970/schedule-A1/paragraph-12.json",
  "legislation": "ukpga/1970/9",
  "legislation_title": "Taxes Management Act 1970",
  "legislation_url": "https://openlegislation.uk/taxes-management-act-1970",
  "path": "schedule/A1/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": null,
  "text": "(1) This paragraph applies where requirements imposed by regulations under paragraph 11 for any period are not complied with.\n(2) The person, or in the case of a partnership each relevant partner, is liable for a penalty.\n(3) “Relevant partner” means any person who was a partner in the partnership at any time during the period in question.\n(4) The amount of the penalty must not exceed £3,000.\n(5) A person or relevant partner is not liable to a penalty under this paragraph in relation to a period if the person or relevant partner is liable to a penalty under section 12B(5) in relation to that period.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. A1 inserted (1.4.2026) by Finance (No. 2) Act 2017 (c. 32), s. 60(3)(4) (as amended by Finance Act 2018 (c. 3), Sch. 6 para. 7(2)); S.I. 2026/356, reg. 2"
    }
  ],
  "outstanding_effects": [
    {
      "type": "amendment to earlier affecting provision 2017 c. 32, s. 60",
      "affecting": "ukpga/2018/3",
      "affecting_title": "Finance Act 2018"
    },
    {
      "type": "amendment to earlier affecting provision 2017 c. 32, s. 60",
      "affecting": "ukpga/2018/3",
      "affecting_title": "Finance Act 2018"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1970/9/schedule/A1/paragraph/12",
    "retrieved_at": "2026-10-29T10:51:31.747484+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."
}