Revenue Note for Guidance
This section imposes a surcharge for the late filing of residential zoned land tax returns.
(1) Where a liable person does not file an annual return in respect of relevant site by the due date, a surcharge will apply. The surcharge is calculated as a percentage of the tax due and will vary depending on the length of the delay in filing. The surcharge is determined by reference to a Table which sets out in column (1) the timing of the delivery of the return relative to the return date and in column (2), the surcharge to apply.
(2) Interest is payable on the surcharge as if the surcharge were residential zoned land tax and both the surcharge and interest is chargeable and recoverable in the same manner as the tax.
Table
Timing of delivery of return relative to return date |
Surcharge |
Return not delivered within 6 months from the return date |
30 per cent |
Return delivered between 4 and 6 months from the return date |
20 per cent |
Return delivered between 0 and 3 months from the return date |
10 per cent |
Relevant Date: Finance Act 2021