SCHEDULES
C1SCHEDULE 26Penalties for failure to pay tax
Annotations:
Modifications etc. (not altering text)
PART 2Liability to a penalty
Second penalty: effect of breaking time to pay agreement
I1I29
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.
Sch. 26 modified (1.3.2024) by 1994 c. 23, Sch. 9ZF para. 13A (as inserted by The Value Added Tax (Distance Selling) (Amendments) Regulations 2024 (S.I. 2024/128), regs. 1(1), 6(6) (with reg. 1(2)))