130Amount of penalty for inaccuracy in document given to WRAE+W
This section has no associated Explanatory Notes
(1)The penalty for a deliberate inaccuracy is [F1an amount not exceeding] 100% of the potential lost revenue.
(2)The penalty for a careless inaccuracy is [F2an amount not exceeding] 30% of the potential lost revenue.
Textual Amendments
F1Words in s. 130(1) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 48(a); S.I. 2018/34, art. 3
F2Words in s. 130(2) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 48(b); S.I. 2018/34, art. 3
Commencement Information
I1S. 130 in force at 1.4.2018 by S.I. 2018/33, art. 3