{
  "url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-10/paragraph-4",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-10/paragraph-4.json",
  "legislation": "ukpga/2023/30",
  "legislation_title": "Finance (No. 2) Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2023",
  "path": "schedule/10/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": "Reductions for disclosure",
  "text": "(1) Where P discloses a contravention, the Commissioners must reduce the penalty to one that reflects the quality of the disclosure.\n(2) If the disclosure is prompted, the penalty may not be reduced below—\n(a) in the case of a contravention that is deliberate and concealed, 50% of the maximum amount,\n(b) in the case of a contravention that is deliberate but not concealed, 35% of the maximum amount, and\n(c) in any other case, 20% of the maximum amount.\n(3) If the disclosure is unprompted, the penalty may not be reduced below—\n(a) in the case of a contravention that is deliberate and concealed, 30% of the maximum amount,\n(b) in the case of a contravention that is deliberate but not concealed, 20% of the maximum amount, and\n(c) in any other case, 10% of the maximum amount.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 10 para. 4 in force at Royal Assent for specified purposes, see s. 120(1)(b)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 10 para. 4 in force at 1.8.2023 in so far as not already in force by S.I. 2023/884, reg. 2(1)(e) (with reg. 10)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/30/schedule/10/paragraph/4",
    "retrieved_at": "2026-10-29T08:52:11.242356+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."
}