# Finance Act 2015, Paragraph 6


(1) The penalty payable under paragraph 1(1) is 50% of the amount of the original penalty payable by P.
(2) The penalty payable under paragraph 1(1) is not a penalty determined by reference to a liability to tax (despite the fact that the original penalty by reference to which it is calculated may be such a penalty).

---
Source: https://www.legislation.gov.uk/ukpga/2015/11/schedule/21/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-2015/schedule-21/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.