1063 Time limit for recovery of fines and penalties

Proceedings may be instituted to recover an income tax or corporation tax fine or penalty up to 6 years after the date on which such fine or penalty was incurred. An exception to this rule is proceedings against personal representatives under section 1060 or section 1077D which may not be instituted after the expiration of the time limits during which assessments (in respect of profits or gains which arose or accrued to the deceased person prior to death) may be made on the personal representatives by virtue of section 1048(2).

Relevant Date: Finance Act 2021