[CH82390] Penalties for inaccuracies: calculating the penalty: delayed tax – impact on potential lost revenue calculation: introduction
You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.
There are special rules for calculating the potential lost revenue (PLR) for a delayed tax inaccuracy, see CH82392. These apply instead of the normal rules for calculating the PLR (which are at CH82150+).
Where these special rules apply the amount of the penalty will be calculated by applying the penalty percentage rate to a PLR calculated using these special delayed tax rules.
A delayed tax inaccuracy is one that
•results in an amount of tax being declared later than it should have been