Commentary

V5.360B Information/data-holder notices: inaccurate information

Part V5 Compliance, enforcement and appeals

V5.360B Information/data-holder notices: inaccurate information

V5.360B Information/data-holder notices: inaccurate information

Information notices

A person who, in complying with an information notice1, provides inaccurate information or produces a document that contains an inaccuracy is liable to a penalty not exceeding £3,000 if any of the following conditions is met2

  1.  

    (a)     the inaccuracy is careless (ie due to a failure by the person to take reasonable care) or deliberate;

  2.  

    (b)     (with effect from 1 April 20123) the person knows of the inaccuracy at the time the information is provided but does not inform HMRC at that time;

  3.  

    (c)     the person subsequently discovers the inaccuracy but fails to take reasonable steps to notify HMRC.

Where the information or document contains

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