SCHEDULES
SCHEDULE 6 Climate change levy
Part VIII Evasion, misdeclaration and neglect
Civil penalties: Misdeclaration or neglect
100
1
Subject to sub-paragraphs (3) to (5), where F1...—
a
a return F2or other notification is made which understates a person’s liability to levy or overstates his entitlement to any tax credit or repayment of levy, or
b
at the end of the period of 30 days beginning on the date of the making of any assessment which understates a person’s liability to levy, that person has not taken all such steps as are reasonable to draw the understatement to the attention of the Commissioners,
the person concerned shall be liable to a penalty equal to 5 per cent. of the amount of the understatement of liability or (as the case may be) overstatement of entitlement.
2
Where—
a
a return for an accounting period—
i
overstates or understates to any extent a person’s liability to levy, or
ii
understates or overstates to any extent his entitlement to any tax credits or repayments of levy,
and
b
that return is corrected—
i
in such circumstances as may be prescribed, and
ii
in accordance with such conditions as may be prescribed,
by a return for a later accounting period which understates or overstates, to the corresponding extent, any liability or entitlement for the later period,
it shall be assumed for the purposes of this paragraph that the statement made by each such return is a correct statement for the accounting period to which the return relates.
3
Conduct falling within sub-paragraph (1) shall not give rise to liability to a penalty under this paragraph if the person concerned provides the Commissioners with full information with respect to the inaccuracy concerned—
a
at a time when he has no reason to believe that enquiries are being made by the Commissioners into his affairs, so far as they relate to the levy; and
b
in such form and manner as may be prescribed by regulations made by the Commissioners or specified by them in accordance with any such regulations.
4
Conduct falling within sub-paragraph (1) shall not give rise to liability to a penalty under this paragraph if the person concerned satisfies the Commissioners or, on appeal, an appeal tribunal that there is a reasonable excuse for his conduct.
5
Where, by reason of conduct falling within sub-paragraph (1)—
a
a person is convicted of an offence (whether under this Act or otherwise), or
b
a person is assessed to a penalty under paragraph 98,
that person shall not by reason of that conduct be liable also to a penalty under this paragraph.