# Finance Act 2008, Paragraph 6


(1) This paragraph sets out the penalty payable under paragraph 1.
(2) If the failure is in category 1, the penalty is—
(a) for a deliberate and concealed failure, 100% of the potential lost revenue,
(b) for a deliberate but not concealed failure, 70% of the potential lost revenue, and
(c) for any other case, 30% of the potential lost revenue.
(3) If the failure is in category 2, the penalty is—
(a) for a deliberate and concealed failure, 150% of the potential lost revenue,
(b) for a deliberate but not concealed failure, 105% of the potential lost revenue, and
(c) for any other case, 45% of the potential lost revenue.
(4) If the failure is in category 3, the penalty is—
(a) for a deliberate and concealed failure, 200% of the potential lost revenue,
(b) for a deliberate but not concealed failure, 140% of the potential lost revenue, and
(c) for any other case, 60% of the potential lost revenue.
(5) Paragraph 6A explains the 3 categories of failure.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/41/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-41/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.