Taxes Management Act 1970 section 93A

Failure to make partnership return

Section 93A previously imposed penalties on partners who failed to submit a partnership tax return on time, but has been replaced by a new penalty regime.

• Section 93A originally set out the penalties that applied when a partnership tax return was not filed by the required deadline.
• The section has been repealed and replaced by the penalty provisions in Schedule 55 to the Finance Act 2009, which introduced a new system of penalties for late filing.
• The changeover was brought into effect by the Finance Act 2009, Schedules 55 and 56 (Income Tax Self Assessment and Pension Schemes) (Appointed Days and Consequential and Savings Provisions) Order 2011 (SI 2011/702).
• Transitional and savings provisions in that Order ensured that the old rules continued to apply to returns for earlier periods where appropriate.

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