3(1)Paragraph 40A (penalties for inaccurate information and documents) is amended as follows.U.K.
(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.