Landfill Disposals Tax (Wales) Act 2017 section 11

Amendment to penalty provisions for failure to pay tax on time

Schedule 4, paragraph 11 amends section 122 of the Tax Collection and Management (Wales) Act 2016 to introduce a new exception to the penalty for failing to pay tax on time, by cross-referencing a new section 122ZA.

• Section 122 of the Tax Collection and Management (Wales) Act 2016 imposes penalties when tax is not paid on time.
• A new subsection (2A) is inserted into section 122, directing taxpayers to a new exception in section 122ZA.
• The exception in section 122ZA qualifies the general rule that a penalty arises when tax remains unpaid after the due date.
• Subsection (3) of section 122 is also updated so that it refers to both section 122ZA and the existing section 122A.

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