SolvedCH123500 | Offshore matters: requirement to correct certain offshore tax non-compliance: failure to correct - penalty assessments - procedures
From HM Revenue & Customs · Compliance Handbook
You must check the date from which these rules apply for the tax or duty you are dealing with. See CH123050 for full details.
Once we have established that a person is liable to a penalty we will normally assess the penalty. Alternatively in direct tax cases, the person can make us an offer to settle the tax, interest and penalties by contract settlement, see EM6000.
The penalty assessment is enforceable in the same way as an assessment ‘to tax’. This means that the rules that apply to the tax or duty to which that penalty relates also apply to the penalty assessment. So for Inheritance Tax, for example, the penalty assessment is enforceable in the same way as a notice of determination.
Procedure for assessing the penalty
When you assess a penalty or penalties you must
assess the penalty
notify the person, and
state in the notice
the uncorrected relevant offshore tax non-compliance to which the penalty relates, and
the tax period to which the offshore tax non-compliance relates.
A penalty must be paid before the end of the period of 30 days beginning with the day on which notification of the penalty is issued.
A person may appeal against
HMRC’s decision that a penalty is payable by that person, or
the amount of the penalty.