SCHEDULES
SCHEDULE 26Penalties for failure to pay tax
PART 2Liability to a penalty
Second penalty: effect of breaking time to pay agreement
I19
1
This paragraph applies where—
a
a time to pay agreement has effect during the further penalty period, and
b
the person breaks the time to pay agreement.
2
If HMRC give the person notice that a penalty is payable under paragraph 8, a penalty is payable under that paragraph as if the time to pay agreement had never had effect.