248 Failure to remedy errors.U.K.
(1)If after any F1. . . information or document has been F1. . . furnished or produced by any person without fraud or negligence it comes to his notice that it was incorrect in any material respect it shall be treated for the purposes of section 247 above as having been negligently F1. . . furnished or produced unless the error is remedied without unreasonable delay.
(2)If after any account, information or document has been delivered, furnished or produced by any person in pursuance of this Part of this Act it comes to the notice of any other person that it contains an error whereby tax for which that other person is liable has been or might be underpaid, that other person shall inform the Board of the error; and if he fails to do so without unreasonable delay he shall be liable to the penalty to which he would be liable F2. . . if the account, information or document had been delivered, furnished or produced by him and the case were one of negligence.
Textual Amendments
F1Words in s. 248(1) omitted (1.4.2009) by virtue of Finance Act 2008 (c. 9), s. 122, Sch. 40 para. 21(c)(ii); S.I. 2009/571, art. 2
F2Words in s. 248(2) omitted (1.4.2009) by virtue of Finance Act 2008 (c. 9), s. 122, Sch. 40 para. 21(c)(ii); S.I. 2009/571, art. 2