Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 40

Penalty for failure to make tax return within 6 months from filing date

Section 40 of Schedule 23 amends the penalty provision in the Tax Collection and Management (Wales) Act 2016 to clarify that the six-month late filing penalty applies specifically to persons who are required to make a tax return.

• This paragraph amends section 119 of the Tax Collection and Management (Wales) Act 2016, which deals with penalties for failing to file a tax return within six months of the filing date.
• The amendment inserts clarifying wording into subsection (1) of section 119, so that it explicitly refers to a person "who is required to make a tax return".
• The practical effect is to ensure the six-month late filing penalty can only apply to someone who actually has an obligation to file a return, rather than potentially catching persons with no such obligation.
• This is a minor technical amendment that tightens the drafting of the penalty provision without changing the intended policy outcome.