This section applies where a court has, in fixing the amount of a fine, determined the offender's financial circumstances under section 126 (offender absent or failing to provide information).
If on subsequently inquiring into the offender's financial circumstances the court is satisfied that, had it had the results of that inquiry when sentencing the offender, it—
it may remit the whole or part of the fine.
Where under this section the court remits the whole or part of a fine after a term of imprisonment, or detention under section 108 of the Powers of Criminal Courts (Sentencing) Act 2000, has been fixed under—
it must reduce the term by the corresponding proportion.
In calculating any reduction required by subsection (3), any fraction of a day is to be ignored.
Subsection (6) applies where—
The court must—