# Finance Act 2009, Paragraph 17

Extent: E+W+S+N.I.

(1) Where P is liable for a penalty under any paragraph of this Schedule which is determined by reference to a liability to tax, the amount of that penalty is to be reduced by the amount of any other penalty incurred by P, if the amount of the penalty is determined by reference to the same liability to tax.
(2) In sub-paragraph (1) the reference to “any other penalty” does not include—
(a) a penalty under any other paragraph of this Schedule, or
(b) a penalty under Schedule 56 (penalty for late payment of tax), or
(c) a penalty under Part 4 of FA 2014 (penalty where corrective action not taken after follower notice etc) or
(d) a penalty under Schedule 22 to FA 2016 (asset-based penalty).
(3) Where P is liable for a penalty under more than one paragraph of this Schedule which is determined by reference to a liability to tax, the aggregate of the amounts of those penalties must not exceed 100% the relevant percentage of the liability to tax.
(4) The relevant percentage is—
(a) if one of the penalties is a penalty under paragraph 6(3) or (4) and the information withheld is category 3 information, 200%,
(b) if one of the penalties is a penalty under paragraph 6(3) or (4) and the information withheld is category 2 information, 150%, and
(c) in all other cases, 100%.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/55/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-55/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.