# Finance (No. 2) Act 2017, Paragraph 35G: Penalties for inaccurate information and documents


(1) This paragraph applies if—
(a) in complying with the duty under paragraph 35C, a person provides inaccurate information, and
(b) condition A, B or C is met.
(2) Condition A is that the inaccuracy is careless or deliberate.
(3) An inaccuracy is careless if it is due to a failure by the person to take reasonable care.
(4) Condition B is that the person knows of the inaccuracy at the time the information is provided but does not inform HMRC at that time.
(5) Condition C is that the person—
(a) discovers the inaccuracy some time later, and
(b) fails to take reasonable steps to inform HMRC.
(6) The person is liable to a penalty not exceeding £3000.
(7) Where the information contains more than one inaccuracy, a penalty is payable for each inaccuracy.

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/11/paragraph/35G (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-11/paragraph-35G
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.