There are currently no known outstanding effects for the Finance Act 2013, Paragraph 14.
14(1)Paragraph 11 (assessment of penalty) is amended as follows.U.K.
(2)For sub-paragraph (4A) substitute—
“(4A)If an assessment in respect of a penalty is based on an amount of tax due or payable that is found by HMRC to be excessive, HMRC may by notice to P amend the assessment so that it is based upon the correct amount.
(4B)An amendment made under sub-paragraph (4A)—
(a)does not affect when the penalty must be paid;
(b)may be made after the last day on which the assessment in question could have been made under paragraph 12.”
(3)Omit sub-paragraph (5).
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
