{
  "url": "https://openlegislation.uk/finance-act-2016/schedule-21/paragraph-4",
  "json_url": "https://openlegislation.uk/finance-act-2016/schedule-21/paragraph-4.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "schedule/21/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "After paragraph 10 insert—\n“10A (1) If a person who would otherwise be liable to a penalty of a percentage shown in column 1 of the Table (a “standard percentage”) has made a disclosure, HMRC must reduce the standard percentage to one that reflects the quality of the disclosure.\n(2) But the standard percentage may not be reduced to a percentage that is below the minimum shown for it—\n(a) in the case of a prompted disclosure, in column 2 of the Table, and\n(b) in the case of an unprompted disclosure, in column 3 of the Table.\nStandard %\nMinimum % for prompted disclosure\nMinimum % for unprompted disclosure\n30%\n15%\n0%\n37.5%\n18.75%\n0%\n45%\n22.5%\n0%\n60%\n30%\n0%\n70%\n45%\n30%\n87.5%\n53.75%\n35%\n100%\n60%\n40%\n105%\n62.5%\n40%\n125%\n72.5%\n50%\n140%\n80%\n50%\n150%\n85%\n55%\n200%\n110%\n70%\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 21 para. 4 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/schedule/21/paragraph/4",
    "retrieved_at": "2026-10-29T09:06:05.350093+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."
}