There are currently no known outstanding effects for the Taxation (International and Other Provisions) Act 2010, Cross Heading: Meaning of “deliberate inaccuracy that is concealed” and discovering inaccuracy after return submitted.
Textual Amendments
F1Sch. 7A inserted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 2 (with Sch. 5 para. 28)
31(1)For the purposes of this Part of this Schedule a deliberate inaccuracy made by a company is concealed if the company makes arrangements to conceal it (for example, by submitting false evidence in support of an inaccurate figure).U.K.
(2)An inaccuracy in an interest restriction return which was not a careless or deliberate inaccuracy made by a company (or a person acting on its behalf) when the return was submitted is taken to be a careless inaccuracy made by the company for the purposes of this Part of this Schedule if the company (or a person acting on its behalf)—
(a)discovers the inaccuracy at some later time, and
(b)does not take reasonable steps to inform an officer of Revenue and Customs.]
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