Finance Act 2021 (c. 26)

SCHEDULES

SCHEDULE 19 U.K. Deferring VAT payment by reason of the coronavirus emergency

Payment of penalty U.K.

7 (1) A penalty under this Schedule must be paid before the end of the period of 30 days beginning with the day on which notification of the assessment of the penalty under paragraph 6(1) is issued. U.K.

(2) Where HMRC make a supplementary assessment under paragraph 6(2), the additional amount must be paid before the end of the period of 30 days beginning with the day on which they issue the notification of that assessment.

(3) Where HMRC amend an assessment under paragraph 6(3) that does not affect when the penalty must be paid.