# Finance Act 2013, Paragraph 14


(1) Paragraph 11 (assessment of penalty) is amended as follows.
(2) For sub-paragraph (4A) substitute—
“(4A) If an assessment in respect of a penalty is based on an amount of tax due or payable that is found by HMRC to be excessive, HMRC may by notice to P amend the assessment so that it is based upon the correct amount.
(4B) An amendment made under sub-paragraph (4A)—
(a) does not affect when the penalty must be paid;
(b) may be made after the last day on which the assessment in question could have been made under paragraph 12.”
(3) Omit sub-paragraph (5).

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/50/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-50/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.