[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR70.103]

[Page 1067-1068]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 70_PROCEDURE AND ADMINISTRATION--Table of Contents
 
      Subpart D_Collection of Excise and Special (Occupational) Tax
 
Sec. 70.103  Failure to pay tax.

    Whoever fails to pay any tax imposed by Part I of Subchapter A of 
Chapter 51 of the Internal Revenue Code (liquor taxes) or by Chapter 52 
(tobacco taxes) at the time prescribed shall, in addition to any other 
penalty provided in the Internal Revenue Code, be liable to

[[Page 1068]]

a penalty of 5 percent of the tax due but unpaid. For additional 
penalties for failure to pay tax, see 27 CFR 70.97.

(26 U.S.C. 5684(a) and 5761(b))

[T.D. ATF-251, 52 FR 19314, May 22, 1987. Redesignated by T.D. ATF-301, 
55 FR 47606, Nov. 14, 1990]

                          Assessable Penalties