PART 5PENALTIES
CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS
Penalties under Chapter 2: general
125Special reduction in penalty under Chapter 2
(1)
WRA may reduce a penalty under this Chapter if it thinks it right to do so because of special circumstances.
(2)
In subsection (1), “special circumstances” does not include—
(a)
ability to pay, or
(b)
the fact that a potential loss of revenue from one person is balanced by a potential over-payment by another.
F1(2A)
But “"special circumstances”” may include the fact that WRA has agreed that a person may pay an amount of devolved tax in instalments over an agreed period.
(3)
In subsection (1), the reference to reducing a penalty includes a reference to—
(a)
remitting a penalty entirely,
(b)
suspending a penalty, and
(c)
agreeing a compromise in relation to proceedings for a penalty.
(4)
In this section a reference to a penalty include a reference to any interest in relation to a penalty.