CH82511 - Penalties for Inaccuracies: Calculating the Penalty: Calculation Process: Unprompted disclosure calculation example

You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.

Jasbinder has made an unprompted disclosure of a deliberate inaccuracy without concealment. The PLR is 拢145,000.

Step 1

The percentage for the quality of the disclosure (a) has been calculated as 65%.

Step 2

The maximum penalty (b) is 70% and the minimum penalty (c) is 20%.

So the maximum disclosure reduction (d) is 70 바카라 사이트� 20 = 50

Step 3

The actual reduction percentage for disclosure (e) is 50 x 65% = 32.5%

Step 4

Penalty percentage to be charged (f) is 70% 바카라 사이트� 32.5% = 37.5%

Step 5

The penalty to be charged (g) is 拢145,000 x 37.5% = 拢54,375