# Finance (No. 2) Act 2023, Paragraph 46


(1) A penalty is payable if—
(a) the member breaches their obligations under Part 9 of this Schedule in relation to an accounting period, and
(b) HMRC is not satisfied that any facts which HMRC reasonably requires to be proved, and which would have been proved by the records, are proved by other documentary evidence provided to HMRC.
(2) The penalty is £3,000.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/14/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.