38.Paragraph 23(1) provides that no penalty arises in relation to any failure under this Schedule if the person satisfies HMRC or (on appeal) the tribunal that there is a reasonable excuse for the failure.
39.Paragraph 23(2) contains provisions about what is precluded from being a reasonable excuse.
Text created by the 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 were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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