SCHEDULES

SCHEDULE 16Penalties for enablers of defeated tax avoidance

PART 6Assessment of penalty

Assessment of penalty

20

1

A penalty under paragraph 1 must be paid before the end of the period of 30 days beginning with the day on which notification of the penalty is issued.

2

An assessment of a penalty under paragraph 1—

a

is to be treated for procedural purposes in the same way as an assessment to tax (except in respect of a matter expressly provided for by this Schedule), and

b

may be enforced as if it were an assessment to tax.