SCHEDULES

C1SCHEDULE 26Penalties for failure to pay tax

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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.