Section 125 Special reduction in penalty under Chapter 2I1C1
England and Wales
WRA may reduce a penalty under this Chapter if it thinks it right to do so because of special circumstances.
In subsection (1), “special circumstances” does not include—
ability to pay, or
the fact that a potential loss of revenue from one person is balanced by a potential over-payment by another.
But “"special circumstances”” may include the fact that WRA has agreed that a person may pay an amount of F2WRA-collected tax in instalments over an agreed period.
In subsection (1), the reference to reducing a penalty includes a reference to—
remitting a penalty entirely,
suspending a penalty, and
agreeing a compromise in relation to proceedings for a penalty.
In this section a reference to a penalty include a reference to any interest in relation to a penalty.
Annotations
Textual amendments
- F1
S. 125(2A) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 44; S.I. 2018/34, art. 3
- F2
Word in Act substituted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 21
Modifications
- C1
Ss. 125-128 applied (1.4.2018) by The Tax Collection and Management (Reimbursement Arrangements) (Wales) Regulations 2018 (S.I. 2018/88), regs. 1(2), 8(3)
Commencement
- I1
S. 125 in force at 1.4.2018 by S.I. 2018/33, art. 3
Notes on the whole Act
Textual amendments
- F1
Word in Act substituted (19.9.2025) by Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 5), s. 67(1), Sch. 2 para. 21
Notes on Chapter 2
Textual amendments
- F1
Words in Pt. 5 Ch. 2 heading inserted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 23