Paragraph 15 I1

After paragraph 25 insert—

“Penalties for inaccurate documents

25A

(1)

If a person, in purported compliance with a file access notice, provides a document that contains an inaccuracy, the person is liable to a penalty not exceeding £3,000 where—

(a)

the inaccuracy is deliberate or due to a failure by the person to take reasonable care,

(b)

the person knows of the inaccuracy at the time the document is provided but does not inform HMRC at that time, or

(c)

the person discovers the inaccuracy some time later and fails to take reasonable steps to inform HMRC.

(2)

Where the document contains more than one inaccuracy, a penalty is payable for each inaccuracy.”