CH74100 - Penalties for Failure to Notify: How to process a penalty: Raising a penalty assessment
Once a person has become liable to a penalty for a failure to notify, see CH71220, we will send them a penalty notice assessment.
This will tell the person what they owe and when they must pay it. The penalty assessment is enforceable in the same way as an assessment to tax. This means that the rules that apply to the tax or duty that the penalty relates to also apply to the penalty assessment.
Before you issue the penalty assessment you must decide
A penalty assessment may be combined with an assessment to tax or duty.
If you intend to include the penalty in a contract settlement you will still need to tell the person how much the penalty is but the contract will stand in place of the assessment. You will find guidance on contract settlements at EM6000.