This is the original version (as it was originally enacted).
(1)WRA may reduce a penalty under section 118, 119 or 120 if the person discloses information which has been withheld as a result of a failure to make a tax return (“relevant information”).
(2)A person discloses relevant information by—
(a)telling WRA about it,
(b)giving WRA reasonable help in quantifying any devolved tax unpaid by reason of the information having been withheld, and
(c)allowing WRA access to records for the purpose of checking how much devolved tax is so unpaid.
(3)In reducing a penalty under this section, WRA may take account of—
(a)whether the disclosure was prompted or unprompted, and
(b)the quality of the disclosure.
(4)Disclosure of relevant information—
(a)is “unprompted” if made at a time when the person making the disclosure has no reason to believe that WRA has discovered or is about to discover the relevant information, and
(b)otherwise, is “prompted”.
(5)“Quality”, in relation to disclosure, includes timing, nature and extent.
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Text created by the Welsh Government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the National Assembly for Wales.
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