SCHEDULES

SCHEDULE 22Asset-based penalty for offshore inaccuracies and failures

PART 4Procedure

Appeal

I117

1

An appeal is to be treated in the same way as an appeal against an assessment to the tax concerned (including by the application of any provision about bringing the appeal by notice to HMRC, about HMRC review of the decision or about determination of the appeal by the First-tier Tribunal or the Upper Tribunal).

2

Sub-paragraph (1) does not apply—

a

so as to require P to pay a penalty before an appeal against the assessment of the penalty is determined, or

b

in respect of any other matter expressly provided for by this Schedule.