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IEIM905400 | Circumstances in which a Penalty will not Apply

From HM Revenue & Customs · International Exchange of Information Manual

There are two circumstances in which a penalty will not apply:

  • For penalties for reporting inaccurate or incomplete information (see IEIM905170) no penalty will be due where the person took reasonable care

  • For all other types of penalty (see IEIM905110 to IEIM905160), no penalty will be due if a person has a reasonable excuse for a failure to comply

Contents2 entries

  1. IEIM905410Reasonable Care
  2. IEIM905420Reasonable Excuse