Inheritance Tax Act 1984

F1245A Failure to provide information etc.U.K.

(1)A person who fails to make a return under section 218 above shall be liable—

(a)to a penalty not exceeding £300; and

(b)to a further penalty not exceeding £60 for every day after the day on which the failure has been declared by a court or the Special Commissioners and before the day on which the return is made.

(2)A person who fails to comply with a notice under section 219 above shall be liable—

(a)to a penalty not exceeding £300; and

(b)to a further penalty not exceeding £60 for every day after the day on which the failure has been declared by a court or the Special Commissioners and before the day on which the notice is complied with.

(3)A person who fails to comply with a notice under section 219A(1) or (4) above shall be liable—

(a)to a penalty not exceeding £50; and

(b)to a further penalty not exceeding £30 for every day after the day on which the failure has been declared by a court or the Special Commissioners and before the day on which the notice is complied with.

(4)A person shall not be liable to a penalty under subsection (1)(b), (2)(b) or (3)(b) above if—

(a)he makes the return required by section 218 above,

(b)he complies with the notice under section 219 above, or

(c)he complies with the notice under section 219A(1) or (4) above,

before proceedings in which the failure could be declared are commenced.

(5)A person who has a reasonable excuse for failing to make a return or to comply with a notice shall not be liable by reason of that failure to a penalty under this section, unless he fails to make the return or to comply with the notice without unreasonable delay after the excuse has ceased.

Textual Amendments

F1S. 245, 245(A) substituted for s. 245 by (27.7.1999 with effect as mentioned in s. 108(3) of the amending Act) by 1999 c. 16, s. 108(1)(3)