http://www.legislation.gov.uk/ukpga/1998/36/schedule/18/part/XI/crossheading/multiple-taxrelated-penalties-in-respect-of-same-accounting-period/enacted
Finance Act 1998
Corporation tax
Excise duties
Tax
Income tax
Gambling and lottery licences
King's Printer of Acts of Parliament
2021-08-03
Finance Act 1998
Sch. 18
Pt. 9C
Corporation Tax Act 2009
Sch. 1
para. 454(11)
Sch. 3
Pt. 1
Sch. 2
Pt. 1
2
s. 1329(1)
Finance Act 1998
Sch. 18 Pt. 9C title
Finance Act 2006
Sch. 3
para. 9
Finance Act 1998
Sch. 18
para. 52(2B)(b)-(d)
Finance Act 2024
Sch. 2
para. 10(3)
Sch. 2
para. 16(2)
SCHEDULES
SCHEDULE 18Company tax returns, assessments and related matters
Part XISupplementary provisions
Multiple tax-related penalties in respect of same accounting period
90
1
This paragraph applies where a company incurs more than one penalty whose amount falls to be determined by reference to the tax payable by it for an accounting period.
2
Each penalty after the first shall be reduced so that the total amount of the penalties, so far as determined by reference to any particular part of the tax, does not exceed whichever is, or but for this paragraph would be, the greater or greatest of them, so far as so determined.