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Paragraph 12 I1I2

(1)

Where a person is liable to a penalty under this Schedule HMRC may assess the penalty.

(2)

Where HMRC assess a penalty they must—

(a)

notify the person, and

(b)

state in the notice the failure (or failures) for which the person is liable to a penalty.

(3)

A penalty under this Schedule must be paid before the end of the period of 30 days beginning with the day on which notification of the penalty is issued.

(4)

An assessment of a penalty under this Schedule—

(a)

is to be treated for procedural purposes in the same way as an assessment to tax (except in respect of a matter expressly provided for in this Schedule),

(b)

may be enforced as if it were an assessment to tax, and

(c)

may be combined with an assessment to tax.

Annotations

Commencement

I1

Sch. 25 para. 12 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(1)

I2

Sch. 25 para. 12 in force at 1.4.2026 for specified purposes by S.I. 2026/370, reg. 3(1)

Notes on Schedule 25

Modifications

C1

Sch. 25 applied (with modifications) (1.4.2026) by S.I. 2009/470, reg. 40(5)(6) (as inserted by The Education (Student Fees, Awards, Support and Loan Repayments) (Amendment) Regulations 2026 (S.I. 2026/130), regs. 1(4), 35(b))