Section 66(7)

If a person who, apart from this subsection, would be liable to a penalty under this section satisfies the Commissioners or, on appeal a tribunal, that— he shall be treated for the purposes of this section and sections 59 to 65 and 67 to 71, 73... and 76 and Schedule 24 to the Finance Act 2007 as not having been in default in relation to that statement and, accordingly, he shall not be liable to any penalty under this section or that Schedule in respect of that statement and any notice served under subsection (2) above exclusively in relation to the failure to submit that statement shall have no effect for the purposes of this section. a section 55A statement has been submitted at such a time and in such a manner that it was reasonable to expect that it would be received by the Commissioners within the appropriate time limit; or there is a reasonable excuse for such a statement not having been dispatched,

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Source: legislation.gov.uk · retrieved 2026-07-28