{
  "url": "https://openlegislation.uk/finance-act-2008/schedule-36/paragraph-40A",
  "json_url": "https://openlegislation.uk/finance-act-2008/schedule-36/paragraph-40A.json",
  "legislation": "ukpga/2008/9",
  "legislation_title": "Finance Act 2008",
  "legislation_url": "https://openlegislation.uk/finance-act-2008",
  "path": "schedule/36/paragraph/40A",
  "kind": "paragraph",
  "number": "40A",
  "heading": null,
  "text": "(1) This paragraph applies if—\n(a) in complying with an information notice, a person provides inaccurate information or produces a document that contains an inaccuracy, and\n(b) condition A, B or C is met.\n(2) Condition A is that the inaccuracy is careless or deliberate.\n(3) An inaccuracy is careless if it is due to a failure by the person to take reasonable care.\n(3A) Condition B is that the person knows of the inaccuracy at the time the information is provided or the document produced but does not inform HMRC at that time.\n(4) Condition C is that the person—\n(a) discovers the inaccuracy some time later, and\n(b) fails to take reasonable steps to inform HMRC.\n(5) The person is liable to a penalty not exceeding £3,000.\n(6) Where the information or document contains more than one inaccuracy, a penalty is payable for each inaccuracy.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 36 para. 40A and cross-heading inserted (21.7.2009) by Finance Act 2009 (c. 10), Sch. 47 para. 15"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 36 para. 40A(1)(b) substituted (with effect in accordance with Sch. 24 para. 3(5) of the amending Act) by Finance Act 2011 (c. 11), Sch. 24 para. 3(2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. 36 para. 40A(3A) inserted (with effect in accordance with Sch. 24 para. 3(5) of the amending Act) by Finance Act 2011 (c. 11), Sch. 24 para. 3(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in Sch. 36 para. 40A(4) substituted (with effect in accordance with Sch. 24 para. 3(5) of the amending Act) by Finance Act 2011 (c. 11), Sch. 24 para. 3(4)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 36 para. 40A applied (20.3.2014) (with effect in accordance with Sch. 7 para. 5(1) of the amending Act) by 2004 c. 12, s. 153E(2) (as inserted by Finance Act 2014 (c. 26), Sch. 7 paras. 3, 5(1))"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Sch. 36 para. 40A applied (with effect in accordance with Sch. 7 para. 8(1) of the amending Act) by 2004 c. 12, s. 159D(2) (as inserted by Finance Act 2014 (c. 26), Sch. 7 paras. 7, 8(3))"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words inserted",
      "affecting": "ukpga/2017/32",
      "affecting_title": "Finance (No. 2) Act 2017"
    },
    {
      "type": "words inserted",
      "affecting": "ukpga/2017/32",
      "affecting_title": "Finance (No. 2) Act 2017"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/9/schedule/36/paragraph/40A",
    "retrieved_at": "2026-10-29T09:12:06.707101+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."
}