127 Assessment of penalties under Chapter 2

127  Assessment of penalties under Chapter 2

(1)     Where a person becomes liable to a penalty under this Chapter, WRA must—

(a)     assess the penalty,

(b)     issue notice to the person of the penalty assessed, and

(c)     state in the notice the period[, transaction or amount] in respect of which the penalty has been assessed.

(2)     An assessment of a penalty under this Chapter may be combined with an assessment to a devolved tax.

(3)     A supplementary assessment may be made in respect of a penalty under section 119 or 120 if an earlier assessment operated

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