# Finance Act 2003, Paragraph 7

Extent: E+W+S+N.I.

(1) Where the responsible partners are liable—
(a) to make a payment of tax or to interest on unpaid tax,
(b) to make a payment in accordance with an assessment under paragraph 29 of Schedule 10 (recovery of excessive repayment), or
(c) to a penalty under this Part of this Act or to interest on such a penalty,
the liability is a joint and several liability of those partners.
(1A) No amount may be recovered by virtue of sub-paragraph (1)(a) or (b) from a person who did not become a responsible partner until after the effective date of the transaction in respect of which the tax is payable.
(2) No amount may be recovered by virtue of sub-paragraph (1)(c) from a person who did not become a responsible partner until after the relevant time.
(3) The relevant time for this purpose is—
(a) in relation to so much of a penalty as is payable in respect of any day, or to interest on so much of a penalty as is so payable, the beginning of that day;
(b) in relation to any other penalty, or interest on such a penalty, the time when the act or omission occurred that caused the penalty to become payable.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-15/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.