1063Time limit for recovery of fines and penalties.

[ITA67 s511; FA74 s86 and Sch2 PtI; CTA76 s147(3) and (4)]

Proceedings for the recovery of any fine or penalty incurred under the Tax Acts in relation to or in connection with income tax or corporation tax may, ^[1]>subject to section 1060^<[1][1]>subject to section 1060 or section 1077D^<[1], be begun at any time within 6 years after the date on which such fine or penalty was incurred.