13

1

If a person who would otherwise be liable to a penalty of a percentage shown in column 1 of the Table (a “standard percentage”) has made a disclosure, HMRC must reduce the standard percentage to one that reflects the quality of the disclosure.

2

But the standard percentage may not be reduced to a percentage that is below the minimum shown for it—

a

for a prompted disclosure, in column 2 of the Table, and

b

for an unprompted disclosure, in column 3 of the Table.

3

Where the Table shows a different minimum for case A and case B—

a

the case A minimum applies if—

i

the penalty is one under paragraph 1, and

ii

HMRC become aware of the failure less than 12 months after the time when the tax first becomes unpaid by reason of the failure, and

b

otherwise, the case B minimum applies.

Standard %	Minimum % for prompted disclosure	Minimum % for unprompted disclosure
30%	case A: 10%case B: 20%	case A: 0%case B: 10%
45%	case A: 15%case B: 30%	case A: 0%case B: 15%
60%	case A: 20%case B: 40%	case A: 0%case B: 20%
70%	35%	20%
105%	52.5%	30%
140%	70%	40%
100%	50%	30%
150%	75%	45%
200%	100%	60%