V5.374 Surcharge period

A surcharge liability notice (“SLN”) specifies a surcharge period beginning on the date of the SLN and ending on the first anniversary of the last day of the prescribed accounting period in respect of which the SLN was served1.

A surcharge period is extended (rather than a new period created) if a further SLN is served by reference to a default for a prescribed accounting period ending within an existing surcharge period2. Any notice issued by HMRC which is intended to extend a surcharge period is ineffective if the original SLN which specified the surcharge period concerned was

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