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HMRC internal manual

MLR1 Penalties Guidance

From
HM Revenue & Customs
Updated
, see all updates

Penalties guidance: the standard penalty reduction table

| Table | Failure to take reasonable steps | Deliberate failure to comply with the regulations | || | Behaviour | These circumstances will apply when you do not do something the regulations say you should have done because you failed to take reasonable steps or you were negligent | These circumstances will apply where you knowingly did not do something that the regulations say you should have done. | | The percentage reduction to be applied to the maximum penalty figure where there has been an unprompted disclosure | * 70% reduction for the first occasion * 50% reduction for the second occasion * 20% reduction for subsequent occasions

  | Nil | | The percentage reduction to be applied to the maximum penalty in all other circumstances | * 50% reduction for the first occasion * 30% reduction for the second occasion * Nil for third occasion

  Nil