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.
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.