ECP4620 - Types of penalties: Example of how to issue daily penalties over a 28 date period

Timescale	Action	Advice to taxpayer
Day 1	Letter 1	Warn that they are liable to a 5% penalty plus a daily penalty of £20 per day
Day 7	Letter 2	Warn that the daily penalty continues to accrue
Day 7	Assessment 1	Assess for 5% geared penalty plus £140 for daily penalties of £20 covering days 1 - 7
Day 21	Letter 3	Warn that the daily penalty is continuing to accrue, and that on day 28 they will be liable to further daily penalties for days 7 - 28
Day 28	Letter 4	Warn that distress or civil recovery action will be taken without further notice
Day 28	Assessment 2	Assess for a further £420.