RSTP3009 - Penalties for failing to pay LBTT on time

Further RSTPA guidance on the penalties which a person may be liable to for failing (or continuing to fail) to pay LBTT on time.

In this page of guidance:

  • all references to a table are to the table in RSTP3008;
  • the ‘penalty date’ means the day after the day mentioned in column 5 of the table, in other words the day you first become liable to a penalty for failing to pay tax due as a result of an item in column 3 of the table.

If you fail to pay in full any LBTT due in relation to an item in column 3 of the table, and that failure continues after the date specified in column 5, you are liable to a penalty of 5% of the unpaid tax amount.

If any amount is still unpaid after five months from the penalty date, you are liable to a further penalty of 5% of that unpaid amount.

If any amount is still unpaid after 11 months from the penalty date, you are liable to a further penalty of 5% of that unpaid amount.

RSTPA 2014 section 169

Ref ID: 
RSTP3009
Archive Date: 
15 March 2015
Last updated: 
15 March 2015
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