Point in time view as at 15/03/2018.
There are currently no known outstanding effects for the Finance (No. 2) Act 2017, Paragraph 35G.
[F135G(1)This paragraph applies if—
(a)in complying with the duty under paragraph 35C, a person provides inaccurate information, and
(b)condition A, B or C is met.
(2)Condition A is that the inaccuracy is careless or deliberate.
(3)An inaccuracy is careless if it is due to a failure by the person to take reasonable care.
(4)Condition B is that the person knows of the inaccuracy at the time the information is provided but does not inform HMRC at that time.
(5)Condition C is that the person—
(a)discovers the inaccuracy some time later, and
(b)fails to take reasonable steps to inform HMRC.
(6)The person is liable to a penalty not exceeding £3000.
(7)Where the information contains more than one inaccuracy, a penalty is payable for each inaccuracy.]
Textual Amendments
F1Sch. 11 Pt. 3A inserted (15.3.2018) by Finance Act 2018 (c. 3), Sch. 1 para. 10
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
