SCHEDULES

SCHEDULE 10Penalty for failure to make returns etc

I1I211

For paragraph 23(1) (no liability where there is reasonable excuse for failure) substitute—

1

If P satisfies HMRC or (on appeal) the First-tier Tribunal or Upper Tribunal that there is a reasonable excuse for a failure to make a return—

a

liability to a penalty under any paragraph of this Schedule does not arise in relation to that failure, and

b

the failure does not count for the purposes of paragraphs 13B(2), 13C, 13G(2) and 13H.