Section 44 Penalties for providing inaccurate information or documentsI1 I2 I3

(1)

A person is liable to a penalty under this section if—

(a)

in complying with a notice under section 26, the person provides inaccurate information or provides a document that contains an inaccuracy, and

(b)

condition A, B or C is met.

(2)

Condition A is that the inaccuracy is careless or deliberate.

An inaccuracy is careless if it is due to a failure by the person to take reasonable care.

(3)

Condition B is that the person knows of the inaccuracy at the time the information or document is provided but does not inform HMRC at that time.

(4)

Condition C is that the person—

(a)

discovers the inaccuracy some time later, and

(b)

fails to take reasonable steps to inform HMRC.

(5)

The amount of a penalty under this section may not exceed £3,000.

(6)

Regulations may amend subsection (5) so as to substitute a different amount for the amount for the time being specified there.

Annotations

I1: S. 44 partly in force at Royal Assent; s. 44 in force for specified purposes at Royal Assent, see s. 75(1)(c)
I2: S. 44 in force at 14.11.2016 for the purposes of the trial by S.I. 2016/1083, reg. 2(g)
I3: S. 44 in force at 21.4.2017 in so far as not already in force by S.I. 2017/578, reg. 3(e)