Revenue Note for Guidance

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Revenue Note for Guidance

1059 Power to add penalties to assessments

This section caters for the situation where an increased rate of income tax or corporation tax is imposed as a penalty, as part of a penalty or in addition to a penalty, and secures that the penalty and increased rate of tax can be added to the assessment and collected in the same manner as any tax included in the assessment.

Relevant Date: Finance Act 2021