# Income Tax (Earnings and Pensions) Act 2003, Paragraph 81E


(1) This paragraph applies if a return under paragraph 81B, or any information accompanying such a return—
(a) is given otherwise than in accordance with paragraph 81D, or
(b) contains a material inaccuracy—
(i) which is careless or deliberate, or
(ii) which is not corrected as required by paragraph 81B(11).
(2) The company is liable for a penalty of an amount decided by HMRC.
(3) The penalty must not exceed £5,000.
(4) For the purposes of sub-paragraph (1)(b)(i) an inaccuracy is careless if it is due to a failure by the company to take reasonable care.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/81E (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-81E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.