Paragraph 22 Appeal against a penalty noticeF1
A bank on which a penalty is imposed under paragraph 20 may appeal to the First-tier Tribunal against the imposition of the penalty.
An appeal under sub-paragraph (1) may not be brought after the end of—
the period of 1 month beginning with the date on which the penalty notice in relation to the penalty being appealed was given, or
such longer period (if any) as the Tribunal considers reasonable in all the circumstances.
On an appeal under sub-paragraph (1) the Tribunal may confirm or quash the decision to impose the penalty.
If an appeal is brought under sub-paragraph (1), the penalty which is the subject of the appeal is not payable until the appeal (including any onward appeal) is determined or withdrawn.
Annotations
Textual amendments
- F1
Sch. 3ZA inserted (2.12.2025 but only for the purposes of making regulations, 24.6.2026 in so far as not already in force) by Public Authorities (Fraud, Error and Recovery) Act 2025 (c. 28), s. 109(2)(b), Sch. 5 (with s. 105); S.I. 2026/601, reg. 2(1)(g)