SCHEDULES
F1SCHEDULE 11ADisclosure of avoidance Schemes
Penalty for failure to notify use of notifiable scheme
10
(1)
A person who fails to comply with paragraph 6 shall be liable, subject to sub-paragraphs (2) and (3), to a penalty of an amount determined under paragraph 11.
(2)
Conduct falling within sub-paragraph (1) shall not give rise to liability to a penalty under this paragraph if the person concerned satisfies the Commissioners or, on appeal, a tribunal that there is a reasonable excuse for the failure.
(3)
Where, by reason of conduct falling within sub-paragraph (1)—
(a)
a person is convicted of an offence (whether under this Act or otherwise), or
(b)
a person is assessed to a penalty under section 60 F2or a penalty for a deliberate inaccuracy under Schedule 24 to the Finance Act 2007,
that conduct shall not give rise to a penalty under this paragraph.