Finance Act 2014

Penalty for failure to comply with partner payment notice

This section has no associated Explanatory Notes

7Section 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, and

(c)“the payment period” had the meaning given by paragraph 6(5).