# The Risk Transformation (Tax) Regulations 2017, Regulation 7: Condition A


Condition A is that the qualifying transformer vehicle is liable to a penalty in relation to the accounting period under—
(a) paragraph 17 of Schedule 18 to FA 1998 (failure to deliver return: flat-rate penalty) where the penalty has been increased under sub-paragraph (3) of that paragraph, or
(b) Schedule 24 to FA 2007 (penalty for errors) where the inaccuracy in the document to which the penalty relates was deliberate within the meaning of paragraph 3(1)(b) or (c) (degrees of culpability) of that Schedule.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160541/regulation/7 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-tax-regulations-2017/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.