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LBTT daily penalties

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The Revenue Scotland and Tax Powers Act 2014 Amendment Regulations, SSI 2020/73, amend s 161 of the Act to provide that a daily penalty related to the land and buildings transaction tax (LBTT) returns can be charged by Revenue Scotland through a single penalty assessment notice in Scotland.

This amendment responds to decisions by the Upper Tribunal for Scotland in Begbies Traynor (Central) LLP [2019] UT 35 and Harrison and Another [2019] UT 36 and is intended to put beyond doubt that the issue of a single penalty assessment notice is sufficient to enable Revenue Scotland to charge daily penalties related to LBTT returns.

The regulations came into force on 11 March 2020.

Issue: 1479
Categories: News