Penalties for breach of obligationsU.K.

Assessment of penaltiesU.K.

18.—(1) If a person becomes liable to a penalty under any of regulations 13 to 16, an officer of Revenue and Customs may assess the penalty.

(2) If an officer does so, the officer must notify the person [F1of the assessment] .

(3) An assessment of a penalty under regulation [F213(2)] , 14 or 16(1)(a) must be made within the period of 12 months beginning with the date on which the person became liable to the penalty.

(4) An assessment of a penalty under regulation [F313(1),] 15 or 16(1)(b) must be made—

(a)within the period of 12 months beginning with the date on which the inaccuracy [F4or failure] first came to the attention of an officer of Revenue and Customs, and

(b)within the period of 6 years beginning with the date on which the person became liable to the penalty.

Textual Amendments