Yn ddilys o 27/07/1993
[F115A Mitigation of penalties under sections 13, 14, 14A and 15.U.K.
(1)Where a person is liable to a penalty under any of sections 13, 14, 14A and 15 above, the Commissioners or, on appeal, a value added tax tribunal may reduce the penalty to such amount (including nil) as they think proper.
(2)In the case of a penalty reduced by the Commissioners under subsection (1) above, a value added tax tribunal, on an appeal relating to the penalty, may cancel the whole or any part of the reduction made by the Commissioners.
(3)None of the matters specified in subsection (4) below shall be matters which the Commissioners or any value added tax tribunal shall be entitled to take into account in exercising their powers under this section.
(4)Those matters are—
(a)the insufficiency of the funds available to any person for paying any tax due or for paying the amount of the penalty;
(b)the fact that there has, in the case in question or in that case taken with any other cases, been no or no significant loss of tax;
(c)the fact that the person liable to the penalty or a person acting on his behalf has acted in good faith.]
Textual Amendments
F1S. 15A inserted (27.7.1993 with effect as mentioned in Sch. 2 para. 3(3) of the amending Act ) by 1993 c. 34, s. 49, Sch. 2, para. 3(1)