SDLTM80070 - Compliance: Introduction: Interest and penalties

Interest

Interest runs from the date the tax should have been paid. See SDLTM85930.

Penalties

There are fixed, tax geared and daily penalties for failure to notify and sending in land transaction returns late. There are also penalties for incorrect returns. See https://www.gov.uk/hmrc-internal-manuals/compliance-handbook/ch80000 (external users can find the guidance at ).