OpenLegislation

Part 5 Penalty

United Kingdom

  1. Penalty
  2. Simultaneous defeats etc
  3. Value of the counteracted advantage: basic rule for taxes other than VAT
  4. Value of counteracted advantage: losses for purposes of direct tax
  5. Value of counteracted advantage: deferred tax
  6. Meaning of “the counteracted advantage” in paragraphs 33 and 34
  7. Value of the counteracted advantage: Conditions D and E
  8. Value of counteracted advantage: delayed VAT
  9. Assessment of penalty
  10. Alteration of assessment of penalty
  11. Aggregate penalties
  12. Appeal against penalty
  13. Penalties: reasonable excuse
  14. Paragraph 42: meaning of “the relevant failure”
  15. Mitigation of penalties

Notes on Schedule 18

Modifications

C1

Sch. 18 modified (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by 1994 c. 23, Sch. 9ZA para. 79 (as inserted by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 2 (with s. 3(4), Sch. 2 para. 7(7)-(10)); S.I. 2020/1642, reg. 9)