{
  "url": "https://openlegislation.uk/finance-act-2007/schedule-24/paragraph-1",
  "json_url": "https://openlegislation.uk/finance-act-2007/schedule-24/paragraph-1.json",
  "legislation": "ukpga/2007/11",
  "legislation_title": "Finance Act 2007",
  "legislation_url": "https://openlegislation.uk/finance-act-2007",
  "path": "schedule/24/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) A penalty is payable by a person (P) where—\n(a) P gives HMRC a document of a kind listed in the Table below, and\n(b) Conditions 1 and 2 are satisfied.\n(2) Condition 1 is that the document contains an inaccuracy which amounts to, or leads to—\n(a) an understatement of a liability to tax,\n(b) a false or inflated statement of a loss ..., or\n(c) a false or inflated claim to repayment of tax.\n(3) Condition 2 is that the inaccuracy was careless (within the meaning of paragraph 3) or deliberate on P’s part.\n(4) Where a document contains more than one inaccuracy, a penalty is payable for each inaccuracy.\nTax\nDocument\nIncome tax or capital gains tax\nReturn under section 8 of TMA 1970 (personal return).\nIncome tax or capital gains tax\nReturn under section 8A of TMA 1970 (trustee's return).\nIncome tax or capital gains tax\nReturn, statement or declaration in connection with a claim for an allowance, deduction or relief.\nIncome tax or capital gains tax\nAccounts in connection with ascertaining liability to tax.\nIncome tax or capital gains tax\nPartnership return.\nIncome tax or capital gains tax\nStatement or declaration in connection with a partnership return.\nIncome tax or capital gains tax\nAccounts in connection with a partnership return.\nApprenticeship levy\nReturn under regulations under section 105 of FA 2016.\nCapital gains tax\nReturn under Schedule 2 to FA 2019.\nIncome tax\nReturn under section 254 of FA 2004.\nIncome tax\nReturn for the purposes of PAYE regulations.\nConstruction industry deductions\nReturn for the purposes of regulations under section 70(1)(a) of FA 2004 in connection with deductions on account of tax under the Construction Industry Scheme.\nCorporation tax\nCompany tax return under paragraph 3 of Schedule 18 to FA 1998.\nCorporation tax\nReturn, statement or declaration in connection with a claim for an allowance, deduction or relief.\nCorporation tax\nAccounts in connection with ascertaining liability to tax.\nDigital services tax\nDST return under paragraph 2 of Schedule 8 to FA 2020.\nMultinational top-up tax\nOverseas return notification and information provided with it\nMultinational top-up tax\nSelf-assessment return and information provided with it\nMultinational top-up tax\nBelow-threshold notification and information provided with it\nDomestic top-up tax\nOverseas return notification and information provided with it\nDomestic top-up tax\nSelf-assessment return and information provided with it\nDomestic top-up tax\nSelf-assessment return and information provided with it\nVAT\nBelow-threshold notification and information provided with it\nVAT\nReturn, statement or declaration in connection with a claim.\n. . .\n. . .\nInsurance premium tax\nReturn under regulations under section 54 of FA 1994.\nInsurance premium tax\nReturn, statement or declaration in connection with a claim.\nInheritance tax\nAccount under section 216 or 217 of IHTA 1984.\nInheritance tax\nInformation or document under regulations under section 256 of IHTA 1984.\nInheritance tax\nStatement or declaration in connection with a deduction, exemption or relief.\nStamp duty land tax\nReturn under section 76 of FA 2003.\nStamp duty reserve tax\nReturn under regulations under section 98 of FA 1986.\nAnnual tax on enveloped dwellings\nAnnual tax on enveloped dwellings return.\nAnnual tax on enveloped dwellings\nReturn of adjusted chargeable amount.\nPetroleum revenue tax\nReturn under paragraph 2 of Schedule 2 to the Oil Taxation Act 1975.\nPetroleum revenue tax\nStatement or declaration in connection with a claim under paragraph 13A of Schedule 2 to the Oil Taxation Act 1975.\nPetroleum revenue tax\nStatement or declaration in connection with a claim under Schedule 5, 6, 7 or 8 to the Oil Taxation Act 1975.\nPetroleum revenue tax\nStatement under section 1(1)(a) of the Petroleum Revenue Tax Act 1980.\nPlastic packaging tax\nReturn under regulations under section 61 of FA 2021.\nSoft drinks industry levy\nReturn under regulations under section 52 of FA 2017\nAggregates levy\nReturn under regulations under section 25 of FA 2001.\nClimate change levy\nReturn under regulations under paragraph 41 of Schedule 6 to FA 2000.\nCarbon border adjustment mechanism\nReturn under paragraph 7 of Schedule 17 to FA 2026.\nLandfill tax\nReturn under regulations under section 49 of FA 1996.\nAir passenger duty\nReturn under section 38 of FA 1994.\n. . .\n. . .\nAlcohol duty\nStatement or declaration in connection with a claim for repayment of duty under section 75 of F(No. 2)A 2023.\nAlcohol duty\nReturn under regulations under section 88 of F(No. 2)A 2023.\nTobacco products duty\nReturn under regulations under section 7 of the Tobacco Products Duties Act 1979.\nVaping products duty\nVaping products duty return.\nHydrocarbon oil duties\nReturn under regulations under section 21 of the Hydrocarbon Oil Duties Act 1979.\nExcise duties\nReturn under regulations under section 93 of CEMA 1979.\nExcise duties\nReturn under regulations under section 100G or 100H of CEMA 1979.\nExcise duties\nStatement or declaration in connection with a claim.\nGeneral betting duty\nReturn under regulations under section 166 of FA 2014.\nPool betting duty\nReturn under regulations under section 166 of FA 2014.\nBingo duty\nReturn under regulations under paragraph 9 of Schedule 3 to BGDA 1981.\nLottery duty\nReturn under regulations under section 28(2) of FA 1993.\nGaming duty\nReturn under directions under paragraph 10 of Schedule 1 to FA 1997.\nRemote gaming duty\nReturn under regulations under section 166 of FA 2014.\nMachine games duty\nReturn under regulations under paragraph 18 of Schedule 24 to FA 2012\nAny of the taxes mentioned above\nAny document which is likely to be relied upon by HMRC to determine, without further inquiry, a question about—\n(a)P's liability to tax,\n(b)payments by P by way of or in connection with tax,\n(c)any other payment by P (including penalties), or\n(d)repayments, or any other kind of payment or credit, to P.\n(4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) In relation to a return under paragraph 2 of Schedule 2 to the Oil Taxation Act 1975 or a statement or declaration under paragraph 13A of that Schedule, references in this Schedule to P include any person who, after the giving of the return for a taxable field (within the meaning of that Act), becomes the responsible person for the field (within the meaning of that Act).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in Sch. 24 para. 1(2) substituted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(2)(a); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 24 para. 1(2) omitted (1.4.2009) by virtue of Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(2)(b); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 24 para. 1(3) substituted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(3); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 24 para. 1 inserted (6.4.2017) by Finance Act 2016 (c. 24), s. 113(2)(16) (with s. 117); S.I. 2017/355, reg. 2"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 24 para. 1(4) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by Finance Act 2015 (c. 11), Sch. 7 para. 56(2)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 24 para. 1(4) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by Finance Act 2019 (c. 1), Sch. 2 para. 27(2)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. 24 para. 1 inserted (with effect in accordance with art. 3-5 of the commencing S.I.) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(4); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. 24 para. 1 table inserted (22.7.2020) by Finance Act 2020 (c. 14), Sch. 10 para. 3(2)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Sch. 24 para. 1 Table inserted (with effect in relation to accounting periods commencing on or after 31.12.2023) by Finance (No. 2) Act 2023 (c. 30), s. 264, Sch. 14 para. 45"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 24 para. 1 Table inserted (with effect in relation to accounting periods commencing on or after 31.12.2023) by Finance (No. 2) Act 2023 (c. 30), s. 278, Sch. 18 para. 6(2)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. 24 para. 1 omitted (31.12.2020) by virtue of Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 8 para. 111(2) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in Sch. 24 para. 1 inserted (with effect in accordance with art. 3-5 of the commencing S.I.) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(5); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in Sch. 24 para. 1 inserted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 34 para. 6"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in Sch. 24 para. 1 inserted (with effect in accordance with s. 28(2) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 12 para. 12(2)"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Words in Sch. 24 para. 1 inserted (10.12.2021 for specified purposes, 1.4.2022 in so far as not already in force and with effect in accordance with s. 85(1)(b) of the amending Act) by Finance Act 2021 (c. 26), s. 85(1)(a), Sch. 15 para. 6; S.I. 2021/1409, regs. 3, 4"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in Sch. 24 para. 1 inserted (6.4.2018) by Finance Act 2017 (c. 10), s. 61(2), Sch. 11 para. 3; S.I. 2018/467, reg. 2"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in Sch. 24 para. 1 Table inserted (with effect in accordance with s. 158 of the amending Act) by Finance Act 2026 (c. 11), s. 158, Sch. 17 para. 36(1)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in Sch. 24 para. 1 omitted (1.2.2025) by virtue of Finance (No. 2) Act 2023 (c. 30), s. 120(2), Sch. 13 para. 29(2); S.I. 2025/96, reg. 2(e) (with reg. 3)"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in Sch. 24 para. 1 substituted (1.8.2023) by Finance (No. 2) Act 2023 (c. 30), s. 120(2), Sch. 13 para. 17; S.I. 2023/884, reg. 2(1)(j) (with reg. 10)"
    },
    {
      "type": "F",
      "label": "F20",
      "text": "Words in Sch. 24 para. 1 inserted (1.2.2025) by Finance (No. 2) Act 2023 (c. 30), s. 120(2), Sch. 13 para. 29(3); S.I. 2025/96, reg. 2(e) (with reg. 3)"
    },
    {
      "type": "F",
      "label": "F21",
      "text": "Words in Sch. 24 para. 1 Table inserted (18.3.2026) by Finance Act 2026 (c. 11), Sch. 15 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F22",
      "text": "Words in Sch. 24 para. 1(4) Table substituted (18.3.2026) by Finance Act 2026 (c. 11), s. 280(3)(a)"
    },
    {
      "type": "F",
      "label": "F23",
      "text": "Words in Sch. 24 para. 1(4) Table substituted (18.3.2026) by Finance Act 2026 (c. 11), s. 280(3)(b)"
    },
    {
      "type": "F",
      "label": "F24",
      "text": "Words in Sch. 24 para. 1(4) Table substituted (18.3.2026) by Finance Act 2026 (c. 11), s. 280(3)(c)"
    },
    {
      "type": "F",
      "label": "F25",
      "text": "Words in Sch. 24 para. 1 inserted (with effect in accordance with Sch. 24 para. 66(2) of the amending Act) by Finance Act 2012 (c. 14), Sch. 24 para. 29"
    },
    {
      "type": "F",
      "label": "F26",
      "text": "Words in Sch. 24 para. 1 substituted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(6); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F27",
      "text": "Sch. 24 para. 1(4A)-(4C) omitted (31.12.2020) by virtue of Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 8 para. 111(3) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21), S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)"
    },
    {
      "type": "F",
      "label": "F28",
      "text": "Sch. 24 para. 1(5) inserted (1.4.2009) by Finance Act 2008 (c. 9), s. 122(2), Sch. 40 para. 2(7); S.I. 2009/571, art. 2"
    },
    {
      "type": "F",
      "label": "F29",
      "text": "Words in Sch. 24 para. 1(5) inserted (with effect in accordance with s. 28(2) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 12 para. 12(3)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 24 para. 1 modified (temp.) (with effect in accordance with Sch. 10 para. 43 of the amending Act) by Finance Act 2022 (c. 3), Sch. 10 para. 27 (as amended (5.1.2023) by S.I. 2022/1321, regs. 1, 2(2))"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 24 para. 1 in force at 1.4.2008 for certain purposes, 1.7.2008 for certain purposes, 1.1.2009 for certain purposes, and 1.4.2009 in so far as not already in force by S.I. 2008/568, art. 2 (with art. 3)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "word substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "inserted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "inserted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "word substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "word substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "word substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "words substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "substituted for Sch. 24 para. 4A(1)",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "words inserted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "word substituted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "inserted",
      "affecting": "ukpga/2015/11",
      "affecting_title": "Finance Act 2015"
    },
    {
      "type": "omitted",
      "affecting": "ukpga/2024/3",
      "affecting_title": "Finance Act 2024"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/11/schedule/24/paragraph/1",
    "retrieved_at": "2026-10-29T09:12:51.142391+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}