Point in time view as at 12/11/2024.
There are currently no known outstanding effects for the Finance Act 2021, Paragraph 17.
17(1)A supplementary assessment may be made in respect of a penalty if an earlier assessment is based on an amount of tax due and payable that is found by HMRC to be an underestimate or insufficient.U.K.
(2)If an assessment in respect of a penalty is based on an amount of tax due or payable that is found by HMRC to be excessive, HMRC may by notice amend the assessment so that it is based upon the correct amount.
(3)An amendment under sub-paragraph (2)—
(a)does not affect when the penalty must be paid;
(b)may be made after the last day on which the assessment in question could have been made under paragraph 18.
Commencement Information
I1Sch. 26 para. 17 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(2)
I2Sch. 26 para. 17 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(2)
I3Sch. 26 para. 17 in force at 12.11.2024 for specified purposes by S.I. 2024/1132, reg. 2
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