CTM94005 - CTSA: Penalties for late returns: General

Subject to the exemptions outlined below, a company that fails to deliver its company tax return by the filing date is liable to penalties under FA98/SCH18/PARAS 17 & 18.

The amount of penalty varies according to how long after the statutory filing date the company delivers its company tax return.

Penalties can be:

  • flat-rate, see (CTM94040)

or

Penalties are chargeable by determination under TMA70/S100. Any authorised officer who handles CT cases can determine them.