Introduction Assessment
39.Paragraph 6 sets out how penalties will be assessed. HMRC will notify the person by way of a penalty notice, setting out the reason for the penalty. Penalties raised will be due 30 days after the date of issue of the penalty notice. Two or more contraventions may be assessed as one contravention for the purposes of raising a penalty. A penalty must be raised within 12 months of HMRC discovering the contravention.