15After that paragraph insert—E+W+S+N.I.
“Penalties for inaccurate information and documentsE+W+S+N.I.
40A(1)This paragraph applies if—
(a)in complying with an information notice, a person provides inaccurate information or produces a document that contains an inaccuracy, and
(b)condition A or B 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—
(a)discovers the inaccuracy some time later, and
(b)fails to take reasonable steps to inform HMRC.
(5)The person is liable to a penalty not exceeding £3,000.
(6)Where the information or document contains more than one inaccuracy, a penalty is payable for each inaccuracy.”