SCHEDULES

SCHEDULE 16Penalties

Cancellation of penalty

8

1

The Commissioner may cancel a penalty notice by giving written notice to the person to whom it was given.

2

If a penalty notice is cancelled, the Commissioner—

a

may not take any further action under section 155 or this Schedule in relation to the failure to which that notice relates, and

b

must repay any amount that has been paid in accordance with that notice.