Tax Collection and Management (Wales) Act 2016 section 117

Overview of Part

Section 117 provides an overview of the penalty provisions that apply to Welsh devolved taxes.

• The Act establishes a framework of penalties covering failures to file tax returns or pay devolved tax (including amounts due in respect of tax credits), inaccuracies in documents, failures relating to record-keeping and reimbursement arrangements, and failures relating to investigations.
• The penalty provisions set out the specific circumstances in which a person becomes liable to a penalty and how the amount of each penalty is determined.
• There are provisions allowing penalties to be suspended in certain circumstances or reduced in amount, giving the Welsh Revenue Authority a degree of flexibility.
• The Act also covers the practical mechanics of how penalties are assessed and how they must be paid.