Version Superseded: 15/09/2016
Point in time view as at 17/12/2014.
Finance Act 2007, Cross Heading: Degrees of culpability is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
3(1)[F1For the purposes of a penalty under paragraph 1, inaccuracy in] a document given by P to HMRC is—U.K.
(a)“careless” if the inaccuracy is due to failure by P to take reasonable care,
(b)“deliberate but not concealed” if the inaccuracy is deliberate [F2on P's part] but P does not make arrangements to conceal it, and
(c)“deliberate and concealed” if the inaccuracy is deliberate [F2on P's part] and P makes arrangements to conceal it (for example, by submitting false evidence in support of an inaccurate figure).
(2)An inaccuracy in a document given by P to HMRC, which was neither careless nor deliberate [F3on P's part] when the document was given, is to be treated as careless if P—
(a)discovered the inaccuracy at some later time, and
(b)did not take reasonable steps to inform HMRC.
Textual Amendments
F1Words in Sch. 24 para. 3(1) substituted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 5(2)(a); S.I. 2009/571, art. 2
F2Words in Sch. 24 para. 3(1) inserted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 5(2)(b); S.I. 2009/571, art. 2
F3Words in Sch. 24 para. 3(2) inserted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 5(3); S.I. 2009/571, art. 2
Commencement Information
I1Sch. 24 para. 3 in force at 1.4.2008 for certain purposes, 1.7.2008 for certain purposes, 1.1.2009 for certain purposes, and 1.4.2009 in so far as not already in force by S.I. 2008/568, art. 2 (with art. 3)
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