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Finance Act 2012

Part 5: Penalties under this Schedule: Assessment etc

48.Paragraphs 29 and 30 provide machinery provisions for HMRC to assess penalties due under this Schedule.

49.Paragraph 31 provides a right of appeal against a decision to impose a penalty or against the amount of any penalty and describes the procedures for appealing.

50.Paragraph 32 describes the means by which collection of a penalty charged under this Schedule may be enforced.

51.Paragraphs 33 and 34 provide that a person is not liable to a penalty under this Schedule for anything in respect of which they have either been convicted of an offence, or are liable to a penalty under specified penalty enactments.

52.Paragraph 35 provides for penalty amounts in this Schedule to be re-valorised by means of a Treasury order if there has been a change in the value of money.

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