SCHEDULES

SCHEDULE 24Amendments of Schedule 36 to FA 2008

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1

Paragraph 40A (penalties for inaccurate information and documents) is amended as follows.

2

In sub-paragraph (1)(b), for “A or B” substitute “ A, B or C ”.

3

After sub-paragraph (3) insert—

3A

Condition B is that the person knows of the inaccuracy at the time the information is provided or the document produced but does not inform HMRC at that time.

4

In sub-paragraph (4), for “B” substitute “ C ”.

5

The amendments made by this paragraph have effect in relation to any inaccuracy in information provided, or in documents produced, on or after 1 April 2012.