SCHEDULES
SCHEDULE 40Penalties: amendments of Schedule 24 to FA 2007
I19
1
Paragraph 9 (reductions for disclosure) is amended as follows.
2
Before sub-paragraph (1) insert—
A1
Paragraph 10 provides for reductions in penalties under paragraphs 1, 1A and 2 where a person discloses an inaccuracy, a supply of false information or withholding of information, or a failure to disclose an under-assessment.
3
In sub-paragraph (1)—
a
after “an inaccuracy” insert “
, a supply of false information or withholding of information,
”
, and
b
in paragraphs (b) and (c), for “or” substitute “
, the inaccuracy attributable to the supply or false information or withholding of information, or the
”
.
4
In sub-paragraph (2)(a), for “or under-assessment” substitute “
, the supply of false information or withholding of information, or the under-assessment
”
.