SCHEDULES
SCHEDULE 25Penalties for deliberately withholding information
PART 2Liability to a penalty
Assessments
I112
1
Where a person is liable to a penalty under this Schedule HMRC may assess the penalty.
2
Where HMRC assess a penalty they must—
a
notify the person, and
b
state in the notice the failure (or failures) for which the person is liable to a penalty.
3
A penalty under this Schedule must be paid before the end of the period of 30 days beginning with the day on which notification of the penalty is issued.
4
An assessment of a penalty under this Schedule—
a
is to be treated for procedural purposes in the same way as an assessment to tax (except in respect of a matter expressly provided for in this Schedule),
b
may be enforced as if it were an assessment to tax, and
c
may be combined with an assessment to tax.