Section 203 | Assessment etc of penalties: application of Schedule 36 to FA 2008

(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.