Value Added Tax Consolidation Act 2010 section 118

Mitigation and application of penalties

Section 118 gave Revenue and the Minister for Finance the power to mitigate fines and penalties arising under VAT legislation, a power that ceased to have effect from 18 December 2013.

• Revenue could mitigate, in whole or in part, any fine or penalty imposed under VAT legislation.
• The Minister for Finance could direct that legal proceedings for a penalty be stayed or compounded.
• Any penalty that was mitigated or compounded could be recovered as a simple contract debt in any court of competent jurisdiction.
• This power ceased to have effect from 18 December 2013.