# Finance Act 2016, Paragraph 29


(1) Where a person becomes liable to a penalty—
(a) HMRC may assess the penalty, and
(b) if they do so, HMRC must notify the person of the assessment.
(2) An assessment of a penalty may not be made—
(a) more than 6 months after the failure first comes to the attention of an officer of Revenue and Customs, or
(b) more than 6 years after the end of the financial year in which the tax strategy to which the failure relates was (or was originally) required to be published.

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Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/19/paragraph/29 (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-19/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.