sec.11Fee for failing to lodge royalty return on time

sec.11 Fee for failing to lodge royalty return on time

If a person is required to lodge a royalty return and does not lodge the return by the day it is required to be lodged, the person must pay the prescribed fee. For the Taxation Administration Act 2001 , section 30 (1) (d) , the time by which the fee is payable is the day the assessment is made of the royalty payable for the period to which the return relates. The revenue commissioner may remit the whole or part of the fee. The remission must be made by assessment under the Taxation Administration Act 2001 . (sec.11-ssec.1) If a person is required to lodge a royalty return and does not lodge the return by the day it is required to be lodged, the person must pay the prescribed fee. (sec.11-ssec.2) For the Taxation Administration Act 2001 , section 30 (1) (d) , the time by which the fee is payable is the day the assessment is made of the royalty payable for the period to which the return relates. (sec.11-ssec.3) The revenue commissioner may remit the whole or part of the fee. (sec.11-ssec.4) The remission must be made by assessment under the Taxation Administration Act 2001 .