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Finance (No. 2) Act 2017
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4(1)Where P discloses a contravention, the Commissioners must reduce the penalty to one that reflects the quality of the disclosure.U.K.
(2)If the disclosure is prompted, the penalty may not be reduced below—
(a)in the case of a contravention that is deliberate and concealed, the maximum amount,
(b)in the case of a contravention that is deliberate but not concealed, 35% of the maximum amount, and
(c)in any other case, 20% of the maximum amount.
(3)If the disclosure is unprompted, the penalty may not be reduced below—
(a)in the case of a contravention that is deliberate and concealed, 30% of the maximum amount,
(b)in the case of a contravention that is deliberate but not concealed, 20% of the maximum amount, and
(c)in any other case, 10% of the maximum amount.
Commencement Information
I1Sch. 13 para. 4 in force at Royal Assent for specified purposes, see s. 59
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