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Finance Act 2021

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Changes over time for: Paragraph 13

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Version Superseded: 06/04/2024

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Status:

Point in time view as at 01/03/2024.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2021, Paragraph 13. Help about Changes to Legislation

13(1)If HMRC think it right because of special circumstances, they may reduce a penalty under this Schedule.U.K.

(2)In sub-paragraph (1) “special circumstances” does not include—

(a)ability to pay, or

(b)the fact that a potential loss of revenue from a taxpayer is balanced by a potential over-payment by a taxpayer.

(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.

Commencement Information

I1Sch. 26 para. 13 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(2)

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