You must check the date from which these rules apply for
the tax or duty you aredealing with. SeeCH81011for full details.
Jasbinder has made an unprompted disclosure of a deliberate inaccuracy without concealment. The PLR is £145,000.
The percentage for the quality of the disclosure (a) has been calculated as 65%.
The maximum penalty (b) is 70% and the minimum penalty (c) is
So the maximum disclosure reduction (d) is 70 – 20 = 50
The actual reduction percentage for disclosure (e) is 50 x 65% = 32.5%
Penalty percentage to be charged (f) is 70% – 32.5% = 37.5%
The penalty to be charged (g) is £145,000 x 37.5% = £54,375