[F149B(1)If a person becomes liable to a penalty under paragraph 49A, HMRC must notify the person.U.K.
(2)The notification must specify the day from which the increased penalty is to apply.
(3)That day and any subsequent day is an “applicable day” for the purposes of paragraph 49A(3).]
Textual Amendments
F1Sch. 36 paras. 49A-49C and cross-heading inserted (with effect in accordance with Sch. 24 para. 4(2) of the amending Act) by Finance Act 2011 (c. 11), Sch. 24 para. 4(1)