Finance Act 2008, Paragraph 6B is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F16BU.K.The penalty payable under any of paragraphs 2, 3(1) and 4 is—
(a)for a deliberate and concealed act or failure, 100% of the potential lost revenue,
(b)for a deliberate but not concealed act or failure, 70% of the potential lost revenue, and
(c)for any other case, 30% of the potential lost revenue.]
Textual Amendments
F1Sch. 41 paras. 6-6D substituted for Sch. 41 para. 6 (6.4.2011) by Finance Act 2010 (c. 13), s. 35(2), Sch. 10 para. 8; S.I. 2011/975, art. 2(1) (with art. 4)
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