Commentary

A4.530 Penalties for inaccuracy—harmonised regime

Administration and compliance

A4.530 Penalties for inaccuracy—harmonised regime

Penalties for inaccuracy in a document

A4.530 Penalties for inaccuracy—harmonised regime

Penalties for inaccuracy in a document (or failure to notify to HMRC an under-assessment of tax) are part of the harmonised penalty regime. Details of the penalties chargeable are given at A4.531.

In the case of the penalty for inaccuracy in a document, the harmonised regime applied initially to income tax, capital gains tax, corporation tax, VAT, and CIS deductions, but were subsequently extended as the table below illustrates.

Inaccuracy in taxpayer's document, or failure to notify an under-assessment to taxCommencement dateCommencement

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial