Section 421JE | Assessment of penalties ^F1F2

(1)This section applies if a person is liable for a penalty under section 421JC or 421JD.

(2)HMRC must assess the penalty and notify the person of the assessment.

(3)Subject to subsection (4), the assessment must be made no later than 12 months after the date on which the person becomes liable for the penalty.

(4)In the case of a penalty under section 421JD(1)(b), the assessment must be made no later than—

(a)12 months after the date on which HMRC become aware of the inaccuracy, and

(b)6 years after the date on which the person becomes liable for the penalty.

(5)A penalty payable under this Part must be paid—

(a)no later than 30 days after the date on which the notice under subsection (2) is given to the person, or

(b)if notice of appeal is given against the penalty under section 421JF(1) or (2), no later than 30 days after the date on which the appeal is determined or withdrawn.

(6)The penalty may be enforced as if it were income tax or, if the person is a company within the charge to corporation tax, corporation tax charged in an assessment and due and payable.

(7)Sections 100 to 103 of TMA 1970 do not apply to a penalty under section 421JC or 421JD.