Taxes Consolidation Act 1997 section 1065

Mitigation and application of fines and penalties

Section 1065 grants the Revenue Commissioners discretionary power to mitigate penalties and to stay or compound proceedings for the recovery of fines or penalties imposed under the Acts.

• Revenue may mitigate any penalty imposed under the Acts and may stay or compound recovery proceedings at their discretion.
• After judgment, Revenue may further mitigate a penalty but the total mitigation must not exceed 50 per cent of the fine or penalty.
• No mitigation is permitted for penalties arising from failures or false declarations connected with the 1993 tax amnesty legislation.
• All moneys from fines, penalties and forfeitures, together with related costs, must be accounted for and paid to Revenue.