# Finance Act 2026, Section 203: Assessment etc of penalties: application of Schedule 36 to FA 2008

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

(1) The following paragraphs of Schedule 36 to FA 2008 apply as set out below.
(2) Paragraph 46 (assessment of penalty) applies to—
(a) a penalty under sections 194 (failure to comply) and 195 (concealing information) as it applies to a penalty under paragraphs 39 and 40 of the Schedule;
(b) a penalty under section 196 (inaccurate information) as it applies to a penalty under paragraph 40A of the Schedule.
(3) Paragraph 51B(2) and (3) (assessment of a penalty for disclosure) apply to a penalty under section 197 (disclosure of a notice) as they apply to a penalty under paragraph 51B(1) of the Schedule.
(4) Paragraph 49 (enforcement of penalty) applies to a penalty under sections 194 to 197 as it applies to a penalty under paragraphs 39, 40 and 40A of the Schedule and, in the case of a penalty under section 197 (disclosure of a notice), the reference to notification under paragraph 46 of the Schedule is to be read as a reference to notification under paragraph 51B(2)(b) of the Schedule).
(5) Paragraph 51 (enforcement of a tax-related penalty) applies to a penalty under section 198 (penalties based on monies received) as it applies to a penalty under paragraph 50 of the Schedule.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/section/203 (the official version)
Page: https://openlegislation.uk/finance-act-2026/section-203
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.