SCHEDULES

SCHEDULE 17Disclosure of tax avoidance schemes: VAT and other indirect taxes

PART 2Penalties

Penalty for failure to comply with duties under Part 1 (apart from paragraph 26)

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Where it appears to an officer of Revenue and Customs that—

(a)

a penalty under paragraph 39(1)(a) has been imposed in a case where the maximum penalty is set by paragraph 39(1)(a)(i), and

(b)

the maximum penalty was calculated on the basis that the initial period began with a day later than that which the officer considers to be the relevant day,

an officer of Revenue and Customs may commence proceedings for a re-determination of the penalty.