SCHEDULES
SCHEDULE 43C

Penalty under section 212A: supplementary provision

Revision of assessment following consequential relieving adjustment
7
1
Sub-paragraph (2) applies where a person—
a
is notified under section 210(7) of a consequential adjustment relating to a counteraction under section 209, and
b
an assessment to a penalty in respect of that counteraction of which the person has been notified under paragraph 5(2) does not take account of that consequential adjustment.
2
HMRC
must make any alterations of the assessment that appear to
HMRC
to be just and reasonable in connection with the consequential amendment.
3
Alterations under this paragraph may be made despite any time limit imposed by or under an enactment.
Sch. 43C inserted (15.9.2016) (with effect in accordance with s. 158(15) of the amending Act) by Finance Act 2016 (c. 24), s. 158(3)