SCHEDULES
F1SCHEDULE 2Penalties: supplementary
Annotations:
Amendments (Textual)
I17Recovery of penalties
1
A penalty payable under this Part is to be treated for the purposes of Part 6 of the Taxes Management Act 1970 (c. 9)
(collection and recovery) as if it were tax charged in an assessment and due and payable.
2
Regulations under section 203(2)(a) of the Income and Corporation Taxes Act 1988 (c. 1)
(PAYE) apply to a penalty payable under this Part as if it were an underpayment of tax for a previous year of assessment.
Sch. 2 repealed (1.2.2019 with savings in relation to specified cases in art. 3 of the commencing S.I.) by Welfare Reform Act 2012 (c. 5), s. 150(3), Sch. 14 Pt. 1; S.I. 2019/167, arts. 2, 3