9(1)If they think it right because of special circumstances, HMRC may reduce a penalty under paragraph 1.U.K.
(2)In sub-paragraph 1 “special circumstances” does not include—
(a)ability to pay, or
(b)the fact that a potential loss of revenue from one taxpayer is balanced by a potential overpayment by another.
(3)In sub-paragraph (1) the reference to reducing a penalty includes a reference to—
(a)staying a penalty, or
(b)agreeing a compromise in relation to proceedings for a penalty.
Commencement Information
I1Sch. 20 para. 9 in force at 1.1.2017 by S.I. 2016/1249, reg. 2