{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-38/paragraph-27",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-38/paragraph-27.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/38/paragraph/27",
  "kind": "paragraph",
  "number": "27",
  "heading": null,
  "text": "(1) This paragraph applies if HMRC propose to assess a person to a penalty under paragraph 26 ....\n(2) If they think it right because of special circumstances, HMRC may take one or more of the following steps—\n(a) reduce the penalty ...,\n(b) stay the penalty, or\n(c) agree a compromise in relation to proceedings for the penalty.\n(3) “Special circumstances” does not include—\n(a) ability to pay, or\n(b) the fact that a loss of tax revenue from a client is balanced by an over-payment by another person (whether or not a client).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 38 para. 27(1) substituted (1.4.2026) by Finance Act 2026 (c. 11), s. 250(2), Sch. 22 para. 19(a)(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 38 para. 27(1) omitted (1.4.2026) by virtue of Finance Act 2026 (c. 11), s. 250(2), Sch. 22 para. 19(a)(ii)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 38 para. 27(2)(a) omitted (1.4.2026) by virtue of Finance Act 2026 (c. 11), s. 250(2), Sch. 22 para. 19(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 38 para. 27 in force at 1.4.2013 by S.I. 2013/279, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/schedule/38/paragraph/27",
    "retrieved_at": "2026-10-29T09:08:44.989153+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}