{
  "url": "https://openlegislation.uk/finance-act-2014/section-210",
  "json_url": "https://openlegislation.uk/finance-act-2014/section-210.json",
  "legislation": "ukpga/2014/26",
  "legislation_title": "Finance Act 2014",
  "legislation_url": "https://openlegislation.uk/finance-act-2014",
  "path": "section/210",
  "kind": "section",
  "number": "210",
  "heading": "Reduction of a section 208 penalty for co-operation",
  "text": "(1) Where—\n(a) P is liable to pay a penalty under section 208 of the amount specified in section 209(1),\n(b) the penalty has not yet been assessed, and\n(c) P has co-operated with HMRC,\nHMRC may reduce the amount of that penalty to reflect the quality of that co-operation.\n(2) In relation to co-operation, “quality” includes timing, nature and extent.\n(3) P has co-operated with HMRC only if P has done one or more of the following—\n(a) provided reasonable assistance to HMRC in quantifying the tax advantage;\n(b) counteracted the denied advantage;\n(c) provided HMRC with information enabling corrective action to be taken by HMRC;\n(d) provided HMRC with information enabling HMRC to enter an agreement with P for the purpose of counteracting the denied advantage;\n(e) allowed HMRC to access tax records for the purpose of ensuring that the denied advantage is fully counteracted.\n(4) But nothing in this section permits HMRC to reduce a penalty to less than 10% of the value of the denied advantage.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/26/section/210",
    "retrieved_at": "2026-10-29T09:07:29.129035+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}