Paragraph 8 I1I2
If a person who would otherwise be liable to a penalty of a percentage shown in column 1 of the Table in this paragraph (a “standard percentage”) has made a disclosure, HMRC must reduce the standard percentage to one that reflects the quality of the disclosure.
But the standard percentage may not be reduced to a percentage that is below the minimum shown for it—
in the case of a prompted disclosure, in column 2 of the Table, and
in the case of an unprompted disclosure, in column 3 of the Table.
| Standard percentage | Minimum percentage for prompted disclosure | Minimum percentage for unprompted disclosure |
|---|---|---|
| 70% | 45% | 30% |
| 100% | 60% | 40% |
| 105% | 62.5% | 40% |
| 140% | 80% | 50% |
| 150% | 85% | 55% |
| 200% | 110% | 70% |
But HMRC must not under this paragraph reduce a penalty below £300.
Annotations
Commencement
- I1
Sch. 25 para. 8 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(1)
- I2
Sch. 25 para. 8 in force at 1.4.2026 for specified purposes by S.I. 2026/370, reg. 3(1)
Notes on Schedule 25
Modifications
- C1
Sch. 25 applied (with modifications) (1.4.2026) by S.I. 2009/470, reg. 40(5)(6) (as inserted by The Education (Student Fees, Awards, Support and Loan Repayments) (Amendment) Regulations 2026 (S.I. 2026/130), regs. 1(4), 35(b))