Penalties for late corporate returns
If a corporate tax return is not submitted by the deadline, the entity is liable to a penalty of £300.
If a corporate tax return has not been submitted within 3 months of the deadline, an additional penalty of £100 applies for each month the return remains undelivered to the Comptroller up to a maximum of 9 months.
For example, if the return due date is 30 November 2023, and no return was submitted, penalties would be applied as followed until such time as the return is submitted:
The £100 penalty would continue for a maximum of 9 months.
Waiving a late corporate return penalty
If you receive a penalty notice for late submission of the return you may request for the penalty to be discharged or waived. An application must be made in writing (by letter or email) to the Comptroller within 40 days after the issue of the penalty notice.
Your application must include:
- your name (or your client's name if you're acting on behalf of someone else)
- your authorised agent name, address and contact details (if acting on behalf of someone else)
- your tax identification number (TIN)
- full details as to why the return was delivered late or why the Comptroller should consider discharging or waiving the penalty
The Comptroller may consider discharging or waiving the penalty if you were prevented from delivering the return because of death, serious illness or other grave and exceptional circumstances.
Each case will be considered on its own merits. The Comptroller will notify you whether or not the penalty has been discharged or waived.
Commissioners of Appeal
If the Comptroller declines to discharge or waive the penalty, you may appeal this decision.
Please write within 40 days of the date the Comptroller notified you that your application to discharge or waive the penalty has been declined.
Commissioners of Appeal for tax