SCHEDULE 24Penalties for errors
Part 1Liability for penalty
F1Error in taxpayer's document attributable to another person
1A
(1)
A penalty is payable by a person (T) where—
(a)
another person (P) gives HMRC a document of a kind listed in the Table in paragraph 1,
(b)
the document contains a relevant inaccuracy, and
(c)
the inaccuracy was attributable to T deliberately supplying false information to P (whether directly or indirectly), or to T deliberately withholding information from P, with the intention of the document containing the inaccuracy.
(2)
A “relevant inaccuracy” is an inaccuracy which amounts to, or leads to—
(a)
an understatement of a liability to tax,
(b)
a false or inflated statement of a loss, or
(c)
a false or inflated claim to repayment of tax.
(3)
A penalty is payable under this paragraph in respect of an inaccuracy whether or not P is liable to a penalty under paragraph 1 in respect of the same inaccuracy.