653BG Penalties

This section provides that section 1077F (Penalty for deliberately or carelessly making incorrect returns or failing to make certain returns, etc.) will apply to vacant homes tax, subject to the following modifications:

• a reference to “income, profits or gains” is to be construed as a reference to vacant homes tax, and
• a reference to “any allowance, deduction, relief or credit” will be construed as including a reference to an exemption under this Part.

Section 1077F relates to penalties for failing to make a return or for deliberately or carelessly making an incorrect return.

Relevant Date: Finance Act 2024