# Finance Act 2016, Paragraph 6A


Where—
(a) a penalty has been imposed on a person under paragraph 1 of Schedule 18 to FA 2017, and
(b) the potential loss of revenue threshold has been met,
only one asset-based penalty is payable by the person in relation to any given asset.

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Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/22/paragraph/6A (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-22/paragraph-6A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.