7U.K.Section 226 (penalty for failure to make accelerated payment on time) applies to accelerated partner payments as if—
(a)references in that section to the accelerated payment were to the accelerated partner payment,
(b)references to P were to the relevant partner, F1...
[F2(ba)the reference in section 226(8) to an amendment to an accelerated payment notice made under section 227(7A) were to an amendment to a partner payment notice made under that section as applied by paragraph 8 of this Schedule, and]
(c)“the payment period” had the meaning given by paragraph 6(5).
Textual Amendments
F1Word in Sch. 32 para. 7(b) omitted (with effect in accordance with Sch. 6 para. 14 of the amending Act) by virtue of Finance Act 2018 (c. 3), Sch. 6 para. 13(5)(b)(i)
F2Sch. 32 para. 7(ba) inserted (with effect in accordance with Sch. 6 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 6 para. 13(5)(b)(ii)