Modifications etc. (not altering text)
C1Sch. 24 applied (N.I.) (1.4.2008) by The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2000 (S.R. 2000/121), regs. 7(2A)(b), 26(4) (as amended by S.R. 2008/129, regs. 1, 3(a), 4)
C2Sch. 24 applied (6.4.2008) by The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004), Sch. 4 paras. 22(7), 31(8) (as amended by The Social Security (Contributions) (Amendment No. 3) Regulations 2008 (S.I. 2008/636), regs. 1(3)(b), 7)
1(1)A penalty is payable by a person (P) where—U.K.
(a)P gives HMRC a document of a kind listed in the Table below, and
(b)Conditions 1 and 2 are satisfied.
(2)Condition 1 is that the document contains an inaccuracy which amounts to, or leads to—
(a)an understatement of P's liability to tax,
(b)a false or inflated statement of a loss by P, or
(c)a false or inflated claim to repayment of tax.
(3)Condition 2 is that the inaccuracy was careless or deliberate (within the meaning of paragraph 3).
(4)Where a document contains more than one inaccuracy, a penalty is payable for each inaccuracy.
| Tax | Document |
|---|---|
| Income tax or capital gains tax | Return under section 8 of TMA 1970 (personal return). |
| Income tax or capital gains tax | Return under section 8A of TMA 1970 (trustee's return). |
| Income tax or capital gains tax | Return, statement or declaration in connection with a claim for an allowance, deduction or relief. |
| Income tax or capital gains tax | Accounts in connection with ascertaining liability to tax. |
| Income tax or capital gains tax | Partnership return. |
| Income tax or capital gains tax | Statement or declaration in connection with a partnership return. |
| Income tax or capital gains tax | Accounts in connection with a partnership return. |
| Income tax | Return for the purposes of PAYE regulations. |
| Construction industry deductions | Return for the purposes of regulations under section 70(1)(a) of FA 2004 in connection with deductions on account of tax under the Construction Industry Scheme. |
| Corporation tax | Company tax return under paragraph 3 of Schedule 18 to FA 1998. |
| Corporation tax | Return, statement or declaration in connection with a claim for an allowance, deduction or relief. |
| Corporation tax | Accounts in connection with ascertaining liability to tax. |
| VAT | VAT return under regulations made under paragraph 2 of Schedule 11 to VATA 1994. |
| VAT | Return, statement or declaration in connection with a claim. |
| Income tax, capital gains tax, corporation tax or VAT | Any document which is likely to be relied upon by HMRC to determine, without further inquiry, a question about— (a) P's liability to tax, (b) payments by P by way of or in connection with tax, (c) any other payment by P (including penalties), or (d) repayments, or any other kind of payment or credit, to P. |
Commencement Information
I1Sch. 24 para. 1 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)