LBTT Penalties: submitting or paying late

Find out when and why late submission penalties, late payment penalties and interest  could be charged and actions to take if you disagree.

Penalties for late submission

You may have to pay a penalty if you fail to submit an LBTT tax return on time.

If your return is received late it will depend on how late it is that determines  which penalties may be applied. The table below indicates the amounts that we could potentially charge if we have not received your return in the respective periods.

Late submission

Penalty

Return not received by submission date

£100

Return not received for more than 3 months after submission date

£10 per day for up to 90 days

Return not received for more than 6 months

Extra £300 or 5% of any unpaid tax, whichever is greater

Return not received for more than 12 month

Another £300; or 5% of any unpaid tax, whichever is greater

For more information see RSTP3006 - Penalties for failing to make LBTT return on time

Penalties for late payment of tax

You may receive a penalty if you fail to pay the total amount of tax due on your return when your return is submitted.

Penalties for late LBTT payments

Late Payment

Penalty

First late payment penalty

Tax not paid within 30 days of the date it is due to be paid *

5% of outstanding tax

Second late payment penalty

Tax not paid within 5 months of first late payment penalty date

5% of outstanding tax

Third late payment penalty

Tax not paid within 11 months of first late payment penalty date

5% of outstanding tax

For more information see RSTP3009 - Penalties for failing to pay LBTT on time.

Pay a penalty

You must pay within 30 days of getting a penalty notice, otherwise you will be charged daily interest.

Pay  an LBTT penalty

Ask for a review or appeal against a penalty

If you disagree with the penalty imposed you have a statutory right to:

You do not have to request a review in order to proceed directly with an appeal to the tribunal. If you have requested a review and you are not satisfied with the outcome of it, you can still appeal to the tribunal.

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