Part 4 Sanctions for Dishonest Conduct
Finance Act 2012 (2012 c 14) | Legislation

Part 4 Sanctions for Dishonest Conduct

Penalty for dishonest conduct

26

(1)     An individual who engages in dishonest conduct is liable to a penalty.

(2)     Subject to paragraph 27, the penalty to which the individual is liable is to be—

(a)     no less than £5,000, and

(b)     no more than £50,000.

(3)     In assessing the amount of the penalty, regard must be had to—

(a)     whether the individual disclosed the dishonest conduct,

(b)     whether that disclosure was prompted or unprompted,

(c)     the quality of that disclosure, and

(d)     the quality of the individual's compliance with any file access notice in connection with the dishonest conduct.

(4)     An individual “discloses†dishonest conduct by—

(a)     telling HMRC about it,

(b)     giving HMRC reasonable help in identifying the client or clients

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