SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 9TTH elections: approval
69Senior tracking officers
1
Where a senior tracking officer, or the purchaser, becomes liable for a penalty under paragraph 68—
a
Her Majesty’s Revenue and Customs may assess the penalty, and
b
if they do so, they must notify the person liable for the penalty.
2
An assessment of a penalty under this Part for a failure in respect of a tracking period may not be made—
a
more than 6 months after the failure first comes to the attention of an officer of Revenue and Customs, or
b
more than 6 years after the filing date for the purchaser’s tax return for the tracking period (see paragraph 14 of Schedule 18 to FA 1998).