Commentary

V5.333 Assessment and notification of penalties

Part V5 Compliance, enforcement and appeals

V5.333 Assessment and notification of penalties

V5.333 Assessment and notification of penalties

HMRC have powers to collect amounts due as penalties by issuing and notifying assessments to the person concerned in the default1. These powers are not affected by the fact that the conduct which gave rise to the penalty in the first instance may have ceased. HMRC can also, in the case of an assessment under VATA 1994 s 76, subject to the time limits described in the appropriate articles issue a supplementary assessment if it appears to them that the original assessment understated the correct amount of the penalty2.

Any supplementary assessment must be made3

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial