Commentary

A6.431 Penalties for incorrect returns

Administration and compliance

A6.431 Penalties for incorrect returns

A6.431 Penalties for incorrect returns

For commentary on the regime of penalties for inaccurate documents see A4.530–A4.536.

Penalties are normally negotiated as part of a contract settlement (see A6.420) which may include tax, interest and penalties for a number of years.

Estimated and provisional figures

As discussed with reasonable care commentary at A4.532A, the inclusion of provisional or estimated figures on a return will not necessarily give rise to a penalty.

However, it may be that a return containing an uncorrected provisional figure is likely to be a factor in considering whether HMRC selects a case for

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