3. United Kingdom

Monetary threshold for LF preparation

• Not applicable

Preparation deadline

• By the due date for filing the company’s tax return, which is within 12 months after the end of the accounting period.​

Submission deadline

• Typically, within 30 days of a request by the tax authorities.

  • Reference: INTM450050

Language

• English

Penalty

• If the LF is not submitted within 30 days of a request, an initial penalty of GBP 300 may be imposed, followed by a daily penalty of GBP 60 for each day the failure continues.

  • Reference: INTM450050