A penalty is payable by a person ('P') where P gives HM Revenue and Customs a return1 which:
(1) contains an inaccuracy which amounts to or leads to: (a) an understatement of a liability to tax2; (b) a false or inflated statement of a loss3; or (c) a false or inflated claim to a repayment4 of tax; and
(2) the inaccuracy was careless5 or deliberate on P's part6.
A penalty is payable by a person ('T') where another person ('P') gives HM Revenue and Customs a document7 which contains a relevant inaccuracy which is attributable to T deliberately supplying false
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