Introduction Assessment
33.Paragraph 18 sets out the mechanisms by which HMRC must assess, notify and enforce penalties which are to follow the same procedures as for assessments to tax. All penalties must be paid before the end of the period of 30 days beginning with the day on which the notification of the penalty is issued.
34.Paragraph 19 states that the assessment of any penalty under this Schedule must be made on or before the later of two dates. The first date is the last day of the two year period beginning with the filing date. The second date is the last day of the period of 12 months beginning with the end of the appeal period for the assessment of the amount of tax shown on the return, or, where there is no such assessment, the date on which the amount of tax is ascertained.