IHTM36171 - Calculating the penalty: Board바카라 사이트檚 policy
Penalties are expressed as sums 바카라 사이트榥ot exceeding바카라 사이트� and it follows that the First-tier Tribunal or any Court before which penalty proceedings are taken can impose a penalty less than the maximum. Under IHTA84/S253 the Board also has powers to compound for penalties before commencing proceedings and, indeed, mitigate the penalty after judgement.
With this in mind, the Board바카라 사이트檚 policy in arriving at a pecuniary settlement for tax geared penalties is to abate (IHTM36174) the maximum statutory penalties to an appropriate percentage of the culpable tax (IHTM36176). In effect the Board is giving up a right to take proceedings in return for an agreed sum. The Board바카라 사이트檚 policy is also to abate non-tax geared penalties.
Criminal proceedings (IHTM36172) may affect the ability to seek a penalty.