Finance Act 2016 (c. 24)

SCHEDULES

SCHEDULE 19 U.K. Large businesses: tax strategies and sanctions

PART 3 U.K. Sanctions for persistently unco-operative large businesses

Sanctions: liability for penalties for errors in documents given to HMRC U.K.

48 U.K. In Schedule 24 to FA 2007 (penalties for errors), at the end of paragraph 3 (meaning of “careless” etc) insert—

“(3) Paragraph 47 of Schedule 19 to FA 2016 (special measures for persistently unco-operative large businesses) provides for certain inaccuracies to be treated, for the purposes of this Schedule, as being due to a failure by P to take reasonable care.”