Penalties for inaccuracies: how to process the penalty: enforcement of penalties
You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.
A penalty for an inaccuracy / under-assessment must be paid within 30 days of the date on which the penalty assessment was issued.
Any assessment of these penalties
- may be enforced in the same manner as an assessment to the underlying tax
- shall be treated, for procedural purposes, in the same way as an assessment to the underlying tax, and
- may be combined within an assessment to the underlying tax.
References to an assessment to tax, in relation to inheritance tax and stamp duty reserve tax, are to a determination.
FA07/SCH24/PARA13 (1A) (2) & (7)