16(1)Where a person is liable to a penalty under this Schedule HMRC may assess the penalty.U.K.
(2)Where HMRC assess a penalty they must—
(a)notify the person, and
(b)state in the notice the failure (or, where paragraph 15(9) applies, the failures) for which the person is liable to a penalty.
(3)Where a person is liable to a penalty because condition A in paragraph 15 is met, notice of an assessment of the penalty may not be issued before (but may be issued at the same time as) notice under paragraph 6 of the award of the penalty point as a result of which the person is liable to the penalty.
(4)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 penalty is issued.
(5)An assessment of a penalty under this Schedule—
(a)is to be treated for procedural purposes in the same way as an assessment to the tax concerned (except in respect of a matter expressly provided for in this Schedule),
(b)may be enforced as if it were an assessment to the tax concerned, and
(c)may be combined with an assessment to the tax concerned.
Commencement Information
I1Sch. 24 para. 16 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(1)
I2Sch. 24 para. 16 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(1)