SCHEDULES

SCHEDULE 38Tax agents: dishonest conduct

PART 5Penalties: assessment etc

29Assessment of penalties

1

If a person becomes liable to a penalty under Part 3 or 4 of this Schedule, HMRC may assess the penalty.

2

But, in the case of a penalty under Part 4, they may only do so if a conduct notice has been given to the person and either—

a

the time allowed for giving notice of appeal against the determination has expired without notice of appeal being given, or

b

notice of appeal against the determination was given within the time allowed, but the appeal has been withdrawn or the determination confirmed.

3

Paragraph 7(4) applies for the purposes of sub-paragraph (2)(b).

4

If HMRC assess a penalty, they must notify the person.