Paragraph 34

In section 139 of TCMA (reduction in penalty under Chapter 3 for disclosure), in subsection (2) —

(a)

omit the “or” after paragraph (b);

(b)

after paragraph (c) insert—

“(d)
an inaccuracy which is relevant to a person’s entitlement to a tax credit or liability to pay an amount in respect of a tax credit,

(e)
a supply of false information, or withholding of information, which is relevant to a person’s entitlement to a tax credit or liability to pay an amount in respect of a tax credit, or

(f)
a failure to disclose an under-assessment in respect of a person’s liability to pay an amount in respect of a tax credit.”