SCHEDULES

C1SCHEDULE 18Serial tax avoidance

Annotations:
Modifications etc. (not altering text)
C1

Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)

PART 5Penalty

Mitigation of penalties

44

1

The Commissioners may in their discretion mitigate a penalty under paragraph 30, or stay or compound any proceedings for such a penalty.

2

They may also, after judgment, further mitigate or entirely remit the penalty.