Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 57

Payment of tax

Section 57 sets out when a buyer must pay land transaction tax that is due, both on an original return and where a return is subsequently amended.

• When a buyer files a land transaction tax return, any tax due must be paid no later than the filing date for that return.
• If a buyer amends a return before or on the filing date and additional tax becomes payable, that additional tax must also be paid by the filing date.
• If a buyer amends a return after the filing date and additional tax becomes payable, that additional tax must be paid at the point the buyer notifies the Welsh Revenue Authority of the amendment.
• Separate provisions exist for deferring payment of tax in certain circumstances.