The statutory framework for penalties applicable to other harmonised regime penalty legislation, which applies higher levels of penalty to deliberate actions and which allows for a reduction related to the quality of disclosure, does not apply to late payment penalties. A penalty is chargeable as a result of simple failure to pay. Subject to what is said below, the penalty for failure is the same for all.
Reasonable excuse
The taxpayer is not liable to a late payment penalty if they had a reasonable excuse for the failure to pay on time1.
For these purposes,
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Web page updated on 17 Mar 2025 16:33