Point in time view as at 01/03/2024.
There are currently no known outstanding effects for the Finance Act 2021, Paragraph 7.
7(1)Where an assessment is made under paragraph 2 or 3 to an amount of a penalty to which any person is liable, the notification of that amount must specify a time, not later than the end of the day of the giving of the notification, to which the amount of any daily penalty is calculated.U.K.
(2)For the purposes of sub-paragraph (1) “daily penalty” means a penalty imposed under section 80(1)(b).
(3)If further penalties accrue in respect of a continuing failure after that date, a further assessment or further assessments may be made under paragraph 2 or 3 in respect of the amounts so accruing.
Commencement Information
I1Sch. 14 para. 7 in force at 10.12.2021 for specified purposes by S.I. 2021/1409, reg. 3
I2Sch. 14 para. 7 in force at 1.4.2022 in so far as not already in force by S.I. 2021/1409, reg. 4
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