# Finance (No. 2) Act 2023, Paragraph 40: Penalties payable in connection with this Schedule

Extent: E+W+S+N.I.

This Part of this Schedule sets out penalties payable in connection with this Schedule, as follows—
(a) paragraph 41 amends Schedule 41 to FA 2008 to impose a penalty on a filing member of a multinational group that fails to register with or otherwise notify HMRC under Part 3 of this Schedule;
(b) paragraph 42 imposes a penalty on a filing member of a registered group that fails to submit an information return or overseas return notification under Part 4 of this Schedule;
(c) paragraph 43 imposes a penalty on a filing member of a registered group that fails to submit a self-assessment return or below-threshold notification under Part 5 of this Schedule;
(d) paragraph 45 amends Schedule 24 to FA 2007 to impose a penalty on a filing member of a multinational group that provides inaccurate information to HMRC;
(e) paragraph 46 imposes a penalty on a filing member of a multinational group that fails to keep or preserve records under Part 9 of this Schedule.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/14/paragraph/40 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.