SCHEDULES
SCHEDULE 7Terrorist financing and money laundering
Part 6Enforcement: civil penalties
26Imposition of penalty by HMRC: procedure and reviews
1
This paragraph applies where HMRC decide to impose a penalty under paragraph 25 on a person.
2
HMRC must give the person notice of—
a
their decision to impose the penalty and its amount,
b
the reasons for imposing the penalty,
c
the right to a review under this paragraph, and
d
the right to appeal under paragraph 28.
3
The person may by notice to HMRC require them to review their decision.
4
A notice requiring a review may not be given after the end of the period of 45 days beginning with the day on which HMRC first gave the person notice under sub-paragraph (2).
5
On a review under this paragraph, HMRC must either—
a
confirm the decision, or
b
withdraw or vary the decision and take such further steps (if any) in consequence of the withdrawal or variation as they consider appropriate.
6
Where HMRC do not, within the period of 45 days beginning with the day the notice under sub-paragraph (3) was given, give notice to the person of their determination of the review, they are to be taken to have confirmed their decision.