The Finance Act 2021 (Amendment of Schedule 26 Penalty Figures) (Appointed Day: Regulation Making Power) Regulations 2025
Schedule 26 to the Finance Act 2021 provides for penalties for failure to pay tax. Penalties are payable where tax remains unpaid after the end of 15 days and 30 days from the due date for payment. The penalty amounts are calculated by applying specified percentages to the amount of the unpaid tax.