Reduction for Disclosure

A disclosure has three elements; telling, helping and allowing access. For making the reduction for disclosure, HMRC weights the three elements as follows:-

  • Telling – 30%
  • Helping – 40%
  • Allowing access – 30%

 

The reduction for disclosure reflects the ‘quality’ of each of these three elements. For these purposes, para. 12 (4) defines quality to include:-

  • Timing;
  • Nature; and
  • Extent.

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