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Tax Collection and Management (Wales) Act 2016

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Changes over time for: Section 121

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There are currently no known outstanding effects for the Tax Collection and Management (Wales) Act 2016, Section 121. Help about Changes to Legislation

121Reduction in penalty for failure to make tax return: disclosureE+W
This section has no associated Explanatory Notes

(1)WRA may reduce a penalty under section 118, [F1118A,] 119 or 120 if the person discloses information which has been withheld as a result of a failure to make a tax return (“relevant information”).

(2)A person discloses relevant information by—

(a)telling WRA about it,

(b)giving WRA reasonable help in quantifying any devolved tax unpaid by reason of the information having been withheld, and

(c)allowing WRA access to records for the purpose of checking how much devolved tax is so unpaid.

(3)In reducing a penalty under this section, WRA may take account of—

(a)whether the disclosure was prompted or unprompted, and

(b)the quality of the disclosure.

(4)Disclosure of relevant information—

(a)is “unprompted” if made at a time when the person making the disclosure has no reason to believe that WRA has discovered or is about to discover the relevant information, and

(b)otherwise, is “prompted”.

(5)Quality”, in relation to disclosure, includes timing, nature and extent.

Textual Amendments

Commencement Information

I1S. 121 in force at 1.4.2018 by S.I. 2018/33, art. 3

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