Penalty regimes for late filing of pension scheme and self-assessment income tax returns come into force

Implementation date: 1 April 2011

The penalty regime for the late filing of pension scheme returns set out in sch.55 to the Finance Act 2009 comes into force on 1 April 2011. The penalty regime for the late filing of self-assessment income tax returns set out in sch.55 to the Finance Act 2009 and the penalty regime for failure to make timely payment of tax falling within the income tax self-assessment regime set out in sch.56 to the Finance Act 2009 come into force on 6 April 2011. The existing penalty regimes are repealed. The interest regime contained in ss.101 to 103 of the Finance Act 2009 comes into force on 31 October 2011 for the purpose of self-assessment amounts that are payable by a person to HM Revenue and Customs (HMRC) or payable or repayable by HMRC to a person. The relevant Orders can be viewed on the UK legislation website:

• Finance (No.3) Act 2010, Schedules 10 and 11 (Income Tax Self Assessment and Pension Schemes) (Appointed Days) Order 2011
• Finance Act 2009, Schedules 55 and 56 (Income Tax Self Assessment and Pension Schemes) (Appointed Days and Consequential and Savings Provisions) Order 2011
• Finance Act 2009, Schedules 55 and 56 (Income Tax Self Assessment and Pension Schemes) (Appointed Days and Consequential and Savings Provisions) Order 2011