# Finance Act 2026, Paragraph 45: Penalties under paragraphs 38 or 39: administration and supplementary provision

Extent: E+W+S+N.I.

(1) An officer of Revenue and Customs assessing a penalty or, on appeal, the tribunal may reduce the penalty to such amount (including nil) as they think proper.
(2) On an appeal relating to a penalty reduced by an officer of Revenue and Customs under sub-paragraph (1), the tribunal may cancel the whole or any part of the officer’s reduction.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/17/paragraph/45 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-17/paragraph-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.