Landfill Disposals Tax (Wales) Act 2017 section 75

Penalty for failure to pay tax on time

Section 75 amends the penalty provisions for late payment of tax under the Tax Collection and Management (Wales) Act 2016, setting different penalty rates for land transaction tax and landfill disposals tax.

• This section modifies the existing late payment penalty rules in the Tax Collection and Management (Wales) Act 2016.
• The penalty for late payment of land transaction tax is set at 5% of the unpaid tax amount.
• The penalty for late payment of landfill disposals tax is set at 1% of the unpaid tax amount.
• The two different penalty rates reflect the different nature and administration of each Welsh devolved tax.