PART 5PENALTIES
CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX
Penalties under Chapter 2: general
125Special reduction in penalty under Chapter 2
1
WRA may reduce a penalty under this Chapter if it thinks it right to do so because of special circumstances.
2
In subsection (1), “special circumstances” does not include—
a
ability to pay, or
b
the fact that a potential loss of revenue from one person is balanced by a potential over-payment by another.
3
In subsection (1), the reference to reducing a penalty includes a reference to—
a
remitting a penalty entirely,
b
suspending a penalty, and
c
agreeing a compromise in relation to proceedings for a penalty.
4
In this section a reference to a penalty include a reference to any interest in relation to a penalty.