SCHEDULES

SCHEDULE 46Duties of senior accounting officers of qualifying companies

Enforcement of penalties

11

(1)

A penalty under this Schedule must be paid—

(a)

before the end of the period of 30 days beginning with the date on which the notification under paragraph 9 was issued, or

(b)

if a notice of appeal against the penalty is given, before the end of the period of 30 days beginning with the date on which the appeal is determined or withdrawn.

(2)

A penalty under this Schedule may be enforced as if it were income tax charged in an assessment and due and payable.