125Special reduction in penalty under Chapter 2E+W
(1)WRA may reduce a penalty under this Chapter if it thinks it right to do so because of special circumstances.
(2)In subsection (1), “special circumstances” does not include—
(a)ability to pay, or
(b)the fact that a potential loss of revenue from one person is balanced by a potential over-payment by another.
[F1(2A)But “"special circumstances”” may include the fact that WRA has agreed that a person may pay an amount of devolved tax in instalments over an agreed period.]
(3)In subsection (1), the reference to reducing a penalty includes a reference to—
(a)remitting a penalty entirely,
(b)suspending a penalty, and
(c)agreeing a compromise in relation to proceedings for a penalty.
(4)In this section a reference to a penalty include a reference to any interest in relation to a penalty.
Textual Amendments
F1S. 125(2A) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 44; S.I. 2018/34, art. 3
Modifications etc. (not altering text)
C1Ss. 125-128 applied (1.4.2018) by The Tax Collection and Management (Reimbursement Arrangements) (Wales) Regulations 2018 (S.I. 2018/88), regs. 1(2), 8(3)
Commencement Information
I1S. 125 in force at 1.4.2018 by S.I. 2018/33, art. 3