Employee Tax Advantaged Share Scheme User Manual

ETASSUM12000 - Introduction to Tax Advantaged Share Schemes: Annual returns: Reasonable excuse

If a company files a return after the required deadline and does not have a 바카라 사이트渞easonable excuse바카라 사이트�, it will have to pay a penalty. 바카라 사이트淩easonable excuse바카라 사이트� is not defined in the legislation. What is 바카라 사이트渞easonable바카라 사이트� will differ from person to person depending upon their particular circumstances. The law provides that the following are not 바카라 사이트渞easonable excuses바카라 사이트�:

• lack of funds to pay, unless attributable to events outside the company바카라 사이트檚 control, and
• delay and / or inaccuracy by any person relied on to perform any task, unless the company took reasonable care to avoid the failure.
• Where the company has a reasonable excuse for failing to meet the filing deadline but that excuse ceases, the company is treated as having continued to have the excuse if it remedies the failure without unreasonable delay after the excuse ceased (paragraphs 81C(9) Schedule 2, 40C(9) Schedule 3, 28C(9) Schedule 4 and 421JC(9) Part 7 ITEPA).