Regulation 40 PenaltiesI1

in relation to a return or other document which is required to be made or delivered to F2HMRC F3...,

which falls within item 1 of the Table in paragraph 1 of that Schedule, and

which is required to include information under regulation 30,

by the taxpayer under section 59B of F5the 1970 Act (payment of income tax and capital gains tax); and

where the taxpayer is a borrower, by way of repayment under regulation 29.

in relation to anything done for the purposes of or in connection with the ascertainment of liability of a borrower to make a repayment under this Part as it applies for the purposes of or in connection with the ascertainment of liability to income tax; and

in the case of returns, statements, declarations, accounts, information or documents for the purposes of repayments under this Part as it applies for the purposes of income tax.

in relation to a return or other document which is required to be made or delivered to HMRC,

which falls within item 1 of the table in paragraph 1(2) of that Schedule, and

which is required to include information under regulation 30,

by the taxpayer under section 59B of the 1970 Act (payment of income tax and capital gains tax: assessments other than simple assessments), and

where the taxpayer is a borrower, by way of repayment under regulation 29.