The Effect of Late Payment Penalties on the Payment Timing of Owed Taxes

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aut.relation.articlenumber111200
aut.relation.endpage111200
aut.relation.journalEconomics Letters
aut.relation.startpage111200
dc.contributor.authorSkov, Peer Ebbesen
dc.date.accessioned2023-06-12T02:25:16Z
dc.date.available2023-06-12T02:25:16Z
dc.date.issued2023-06
dc.description.abstractThis paper studies the effectiveness of a policy designed to influence the timing decision for payments of owed taxes. Owed taxes arise when the sum of the foregoing tax year’s preliminary tax payments falls short of the total tax liability. In 2009 the Danish tax authority (SKAT) introduced an annualised penalty rate of 4.6%. Using administrative tax data, I show that the penalty rate introduction led to a 50-day advancement of payments.
dc.identifier.citationEconomics Letters, ISSN: 0165-1765 (Print), Elsevier BV, 111200-111200. doi: 10.1016/j.econlet.2023.111200
dc.identifier.doi10.1016/j.econlet.2023.111200
dc.identifier.issn0165-1765
dc.identifier.urihttps://hdl.handle.net/10292/16250
dc.languageen
dc.publisherElsevier BV
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S0165176523002252
dc.rightsCopyright © 2023 Elsevier Ltd. All rights reserved. This is the author’s version of a work that was accepted for publication in (see Citation). Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. The definitive version was published in (see Citation). The original publication is available at (see Publisher's Version).
dc.rights.accessrightsOpenAccess
dc.subject14 Economics
dc.subjectEconomics
dc.subject38 Economics
dc.titleThe Effect of Late Payment Penalties on the Payment Timing of Owed Taxes
dc.typeJournal Article
pubs.elements-id507869
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