Part 5Advance pricing agreements

227Penalty for misrepresentation in connection with agreement

A person is liable to a penalty of not more than £10,000 if the person fraudulently or negligently makes a false or misleading statement to the Commissioners or an officer—

a

for or in connection with any application to the Commissioners for them to enter into an advance pricing agreement, or

b

otherwise in connection with the preparation of an advance pricing agreement.