Related Commentary  Related HMRC Manuals

26(1)  An individual who engages in dishonest conduct is liable to a penalty.

26(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.

26(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

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