# Finance (No. 2) Act 2017, Paragraph 18


(1) HMRC may in their discretion reduce a penalty under paragraph 1.
(2) In this paragraph the reference to reducing a penalty includes a reference to—
(a) entirely remitting the penalty, or
(b) staying, or agreeing a compromise in relation to, proceedings for the recovery of a penalty.

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/16/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-16/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.