SCHEDULES
SCHEDULE 25Penalties for deliberately withholding information
PART 1Introduction
Introduction
I11
1
This Schedule provides for penalties to be payable by a person who, by failing to make a return listed in the third column of the Table below on or before the due date, deliberately withholds information which would enable or assist HMRC to assess the person's liability to tax.
2
Paragraph 20 provides for this Schedule to apply with modifications where the return relates to a partnership.
Tax to which return relates | Return | |
---|---|---|
1 | Income tax or capital gains tax |
|
2 | Income tax or capital gains tax |
|
3 | Income tax or corporation tax |
|
4 | Income tax or corporation tax | Return under regulations under paragraph 10 of Schedule A1 to TMA 1970 |
3
Before the coming into force of paragraph 3 of Schedule 14 to F(No.2)A 2017, the reference in the Table to section 8(1AB)(b) of TMA 1970 is to be read as a reference to section 8(1)(b) of TMA 1970.
4
Before the coming into force of paragraph 4 of Schedule 14 to F(No.2)A 2017, the reference in the Table to section 8A(1AB)(b) of TMA 1970 is to be read as a reference to section 8A(1)(b) of TMA 1970.