SCHEDULES
SCHEDULE 41Penalties: failure to notify and certain VAT and excise wrongdoing
12Reductions for disclosure
1
Paragraph 13 provides for reductions in penalties under paragraphs 1 to 4 where P discloses a relevant act or failure
2
P discloses a relevant act or failure by—
a
telling HMRC about it,
b
giving HMRC reasonable help in quantifying the tax unpaid by reason of it, and
c
allowing HMRC access to records for the purpose of checking how much tax is so unpaid.
3
Disclosure of a relevant act or failure—
a
is “unprompted” if made at a time when the person making it has no reason to believe that HMRC have discovered or are about to discover the relevant act or failure, and
b
otherwise, is “prompted”.
4
In relation to disclosure “quality” includes timing, nature and extent.