SCHEDULE 50 Penalties: Late Filing, Late Payment and Errors
Finance Act 2013 (2013 c 29) | Legislation

SCHEDULE 50 Penalties: Late Filing, Late Payment and Errors

Section 230

Amendments to Schedule 24 to FA 2007: penalties for errors

1

(1)     In Schedule 24 to FA 2007 (penalties for errors), paragraph 13 (procedure: assessment) is amended as follows.

(2)     In sub-paragraph (1)(c), after “assessed†insert “(subject to sub-paragraph (1ZB))â€.

(3)     After sub-paragraph (1) insert—

“(1ZA)     Sub-paragraph (1ZB) applies where—

(a)     a person is at any time liable for two or more penalties relating to PAYE returns, or for two or more penalties relating to CIS returns, and

(b)     the penalties (“the relevant penaltiesâ€) are assessed in respect of more than one tax period (“the relevant tax periodsâ€).

(1ZB)     A notice under sub-paragraph (1) in respect of any of the relevant penalties may, instead of stating the tax period in respect of which the penalty is assessed, state the tax year or the part of a tax year to which the penalty relates.

(1ZC)     For that purpose, a relevant penalty relates to the tax year or the part of a tax year in which the relevant tax periods fall.

(1ZD)     For the purposes of sub-paragraph (1ZA)—

“a PAYE return†means a return for the purposes of PAYE regulations;

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