SCHEDULES

C1C2C4C3SCHEDULE 24Penalties for errors

Annotations:
Modifications etc. (not altering text)

Part 5General

Interpretation

I122

Paragraphs 23 to F927 apply for the construction of this Schedule.

I223

HMRC means Her Majesty's Revenue and Customs.

Annotations:
Commencement Information
I2

Sch. 24 para. 23 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)

F1023A

“Tax”, without more, includes duty.

I324

An expression used in relation to income tax has the same meaning as in the Income Tax Acts.

Annotations:
Commencement Information
I3

Sch. 24 para. 24 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)

I425

An expression used in relation to corporation tax has the same meaning as in the Corporation Tax Acts.

Annotations:
Commencement Information
I4

Sch. 24 para. 25 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)

I526

An expression used in relation to capital gains tax has the same meaning as in the enactments relating to that tax.

Annotations:
Commencement Information
I5

Sch. 24 para. 26 in force at 1.4.2009 in so far as not already in force by S.I. 2008/568, art. 2 (with art. 3)

I627

An expression used in relation to VAT has the same meaning as in VATA 1994.

Annotations:
Commencement Information
I6

Sch. 24 para. 27 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)

I728

In this Schedule—

a

a reference to corporation tax includes a reference to tax or duty which by virtue of an enactment is assessable or chargeable as if it were corporation tax,

b

a reference to tax includes a reference to construction industry deductions under Chapter 3 of Part 3 of FA 2004,

c

“direct tax” means—

i

income tax,

ii

capital gains tax, F2...

iii

corporation tax, F3and

iv

petroleum revenue tax,

d

a reference to understating liability to VAT includes a reference to overstating entitlement to a VAT credit,

F11da

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e

a reference to a loss includes a reference to a charge, expense, deficit and any other amount which may be available for, or relied on to claim, a deduction or relief,

f

a reference to repayment of tax includes a reference to allowing a credit F4against tax or to a payment of a corporation tax credit,

F1fa

“corporation tax credit” means—

i

an R&D tax credit under F6Chapter 2 or 7 of Part 13 of CTA 2009,

ii

a land remediation tax credit or life assurance company tax credit under F7Chapter 3 or 4 respectively of Part 14 of CTA 2009,

F8iii

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

iv

a film tax credit under F5Chapter 3 of Part 15 of CTA 2009, or

v

a first-year tax credit under Schedule A1 to CAA 2001,

g

“tax period” means a tax year, accounting period or other period in respect of which tax is charged,

h

a reference to giving a document to HMRC includes a reference to communicating information to HMRC in any form and by any method (whether by post, fax, email, telephone or otherwise),

i

a reference to giving a document to HMRC includes a reference to making a statement or declaration in a document,

j

a reference to making a return or doing anything in relation to a return includes a reference to amending a return or doing anything in relation to an amended return, and

k

a reference to action includes a reference to omission.

Consequential amendments

I829

The following provisions are omitted—

a

sections 95, 95A, 97 and 98A(4) of TMA 1970 (incorrect returns and accounts),

b

sections 100A(1) and 103(2) of TMA 1970 (deceased persons),

c

in Schedule 18 to FA 1998 (company tax returns), paragraphs 20 and 89 (company tax returns), and

d

sections 60, 61, 63 and 64 of VATA 1994 (evasion).

Annotations:
Commencement Information
I8

Sch. 24 para. 29 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 arts. 3, 4)

I930

In F12paragraphs 7 and 7B of Schedule 1 to the Social Security Contributions and Benefits Act 1992 (c. 4) (penalties) a reference to a provision of TMA 1970 shall be construed as a reference to this Schedule so far as is necessary to preserve its effect.

Annotations:
Commencement Information
I9

Sch. 24 para. 30 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)

Amendments (Textual)
F12

Words in Sch. 24 para. 30 substituted (21.7.2009) by Finance Act 2009 (c. 10), Sch. 57 para. 9

I1031

In F13paragraphs 7 and 7B of Schedule 1 to the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (penalties) a reference to a provision of TMA 1970 shall be construed as a reference to this Schedule so far as is necessary to preserve its effect.