{
  "url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-12/paragraph-26",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-12/paragraph-26.json",
  "legislation": "ukpga/2017/32",
  "legislation_title": "Finance (No. 2) Act 2017",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2017",
  "path": "schedule/12/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": null,
  "text": "(1) This paragraph applies if—\n(a) in complying with the duty under paragraph 22, a person provides inaccurate information, 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(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.\n(5) 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(6) The person is liable to a penalty not exceeding £3000.\n(7) Where the information contains more than one inaccuracy, a penalty is payable for each inaccuracy.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 12 paras. 21-30 and cross-headings inserted (15.3.2018) by Finance Act 2018 (c. 3), Sch. 2 para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2017/32/schedule/12/paragraph/26",
    "retrieved_at": "2026-10-29T09:05:16.335265+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."
}