# Finance Act 2011, Paragraph 3


(1) Paragraph 40A (penalties for inaccurate information and documents) is amended as follows.
(2) In sub-paragraph (1)(b), for “A or B” substitute “ A, B or C ”.
(3) After sub-paragraph (3) insert—
“(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.”
(4) In sub-paragraph (4), for “B” substitute “ C ”.
(5) The amendments made by this paragraph have effect in relation to any inaccuracy in information provided, or in documents produced, on or after 1 April 2012.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/24/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-24/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.