SCHEDULES

SCHEDULE 18U.K.Serial tax avoidance

Modifications etc. (not altering text)

C1Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)

PART 5U.K.Penalty

Mitigation of penaltiesU.K.

44(1)The Commissioners may in their discretion mitigate a penalty under paragraph 30, or stay or compound any proceedings for such a penalty.U.K.

(2)They may also, after judgment, further mitigate or entirely remit the penalty.