CH193300 - Penalty reform - penalties for failure to pay VAT on time from 1 January 2023: penalty assessments: amended assessment

NB: “These rules currently only apply to VAT, for VAT periods starting on or after 1 January 2023. These rules will come into force for other tax regimes at a future date. You must check the date from which these rules apply for the tax or duty you are dealing with”

HMRC can amend a penalty assessment where we find that the original penalty assessment was excessive. In this situation HMRC may by notice amend the penalty assessment so that it is based upon the correct amount.

FA21/SCH26/PARA17(2)