Revenue Scotland and Tax Powers Act 2014 section 160

Land and buildings transaction tax: first penalty for failure to make return

Section 160 establishes a fixed penalty of £100 for failing to submit a land and buildings transaction tax return on time.

• This section applies specifically to late filing of land and buildings transaction tax (LBTT) returns
• The penalty is a fixed amount of £100, regardless of the tax liability involved
• The person responsible for filing the return (referred to as "P") is the one liable for this penalty
• This is the first penalty that arises and further penalties may apply if the failure continues