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Finance (No. 2) Act 2017

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This is the original version (as it was originally enacted).

Special reduction

5(1)If the Commissioners think it right because of special circumstances, they may reduce a penalty under this Schedule.

(2)In sub-paragraph (1) “special circumstances” does not include ability to pay.

(3)In sub-paragraph (1) the reference to reducing a penalty includes a reference to—

(a)staying a penalty, and

(b)agreeing a compromise in relation to proceedings for a penalty.

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