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15(1)[Where a person who would otherwise be liable to a 100% penalty has made an unprompted disclosure, HMRC must reduce the 100% to a percentage, not below 30%, which reflects the quality of the disclosure.]U.K.
[If a person who would otherwise be liable to a penalty of a percentage shown in column 1 of the Table (a “standard percentage”) has made a disclosure, HMRC must reduce the standard percentage to one that reflects the quality of the disclosure.]
(2)[Where a person who would otherwise be liable to a 100% penalty has made a prompted disclosure, HMRC must reduce the 100% to a percentage, not below 50%, which reflects the quality of the disclosure.]
[But the standard percentage may not be reduced to a percentage that is below the minimum shown for it—
(a)in the case of a prompted disclosure, in column 2 of the Table, and
(b)in the case of an unprompted disclosure, in column 3 of the Table.]
[Standard % | Minimum % for prompted disclosure | Minimum % for unprompted disclosure |
---|
70% | 35% | 20% |
100% | 50% | 30%] |
(3)[Where a person who would otherwise be liable to a 70% penalty has made an unprompted disclosure, HMRC must reduce the 70% to a percentage, not below 20%, which reflects the quality of the disclosure.]
(4)[Where a person who would otherwise be liable to a 70% penalty has made a prompted disclosure, HMRC must reduce the 70% to a percentage, not below 35%, which reflects the quality of the disclosure.]
(5)But HMRC must not under this paragraph—
(a)reduce a penalty under paragraph 6(3) or (4) below £300, or
(b)reduce a penalty under [paragraph 11(3) or (4)][sub-paragraph (3) or (4) of any of paragraphs 11, 13E and 13J] below the amount set by [paragraph 11(3)(b) or (4)(b) (as the case may be)][paragraph (b) of that sub-paragraph].
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