# Finance Act 2003, Section 31: Time limits for demands for penalties


(1) A demand notice may not be given—
(a) in the case of a penalty under section 25, more than 20 years after the conduct giving rise to the liability to the penalty ceased, or
(b) in the case of a penalty under section 26, more than 3 years after the conduct giving rise to the liability to the penalty ceased.
(2) A demand notice may not be given more than 2 years after there has come to the knowledge of the Commissioners evidence of facts sufficient in the opinion of the Commissioners to justify the giving of the demand notice.
(3) A demand notice—
(a) may be given in respect of a penalty to which a person was liable under section 25 or 26 immediately before his death, but
(b) in the case of a penalty to which the deceased was so liable under section 25, may not be given more than 3 years after his death.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/section/31 (the official version)
Page: https://openlegislation.uk/finance-act-2003/section-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.