Penalties under Schedule 55 FA09 for failure to file on time, see CH60000+, apply to income tax and capital gains tax returns for the year ended 5 April 2011 and later years. The returns for the year ended 5 April 2011 are those due to be filed on or before 31 October 2011, or 31 January 2012 if filed electronically.

A single tax return can provide the figures for assessment for up to 3 years and the tax and NIC figures for all 3 years will enter into the penalty computation. There can, however, be difficulties where profits have to be apportioned.

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