226 Penalty for failure to pay accelerated payment
Finance Act 2014 (2014 c 26) | Legislation

Penalties

226  Penalty for failure to pay accelerated payment

(1)     This section applies where an accelerated payment notice is given by virtue of section 219(2)(a) (notice given while tax enquiry is in progress) (and not withdrawn).

(2)     If any amount of the accelerated payment is unpaid at the end of the payment period, P is liable to a penalty of 5% of that amount.

(3)     If any amount of the accelerated payment is unpaid after the end of the period of 5 months beginning

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