A4.564 Late payment penalties—assessment, payment and appealsAssessmentWhere a penalty is due and is not dealt with by way of contract settlement (see A6.420), HMRC will raise an assessment to collect it. The notice of assessment must state the period in respect of which the penalty is assessed1. An assessment of a late payment penalty is to be treated for procedural purposes in the same way as an assessment to tax, may be enforced as if it were an assessment to tax and may be combined with an assessment to tax2.If the assessment is based on an amount of tax payable that is found by HMRC to be excessive, HMRC can amend the assessment so that it is based on the correct amount3. This applies in respect of defaults made in relation to 2014/15 and
Where a penalty is due and is not dealt with by way of contract settlement (see A6.420), HMRC will raise an assessment to collect it. The notice of assessment must state the period in respect of which the penalty is assessed1. An assessment of a late payment penalty is to be treated for procedural purposes in the same way as an assessment to tax, may be enforced as if it were an assessment to tax and may be combined with an assessment to tax2.
If the assessment is based on an amount of tax payable that is found by HMRC to be excessive, HMRC can amend the assessment so that it is based on the correct amount3. This applies in respect of defaults made in relation to 2014/15 and
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.