SCHEDULES
SCHEDULE 46Duties of senior accounting officers of qualifying companies
Penalties for failure to provide certificate etc
5
1
This paragraph applies if a senior accounting officer—
a
fails to provide a certificate in accordance with paragraph 2, or
b
provides a certificate in accordance with that paragraph that contains a careless or deliberate inaccuracy.
2
The senior accounting officer is liable to a penalty of £5,000.
3
For the purposes of this Schedule, an inaccuracy is careless if the inaccuracy is due to a failure by the senior accounting officer to take reasonable care.
4
An inaccuracy in a certificate that was neither careless nor deliberate when the certificate was given is to be treated as careless if the senior accounting officer—
a
discovered the inaccuracy some time later, and
b
did not take reasonable steps to inform HMRC.