Section 213 — Finance Act 2014: Alteration of assessment of a section 208 or 208A penalty

Alteration of assessment of a section 208 or 208A penalty 213 1 After notification of an assessment has been given to a person under section 211(2) or 211A(1) , the assessment may not be altered except in accordance with this section or on appeal.

2 A supplementary assessment may be made in respect of a penalty if an earlier assessment operated by reference to an underestimate of the value of the denied advantage.

3 An assessment or supplementary assessment may be revised as necessary if it operated by reference to an overestimate of the denied advantage; and, where more than the resulting assessed penalty has already been paid by the person to HMRC, the excess must be repaid.