SCHEDULES

C1C3C2SCHEDULE 55Penalty for failure to make returns etc

Annotations:

F1Cancellation of penalty

Annotations:
Amendments (Textual)
F1

Sch. 55 paras. 17A, 17B and cross-heading inserted (with effect in accordance with Sch. 51 para. 9 of the amending Act) by Finance Act 2013 (c. 29), Sch. 51 para. 8

17A

1

This paragraph applies where—

a

P is liable for a penalty under any paragraph of this Schedule in relation to a failure to make a return falling within item 1 or 2 in the Table, and

b

P makes a request under section 8B of TMA 1970 for HMRC to withdraw a notice under section 8 or 8A of that Act.

2

The notice under section 8B of TMA 1970 may include provision under this paragraph cancelling liability to the penalty from the date specified in the notice.