# Taxation (International and Other Provisions) Act 2010, Paragraph 32

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

(1) A company (“C”) is liable to a penalty if—
(a) another company submits an interest restriction return for a period of account of a worldwide group,
(b) there is an inaccuracy in the return which meets condition A or B in paragraph 30, and
(c) the inaccuracy was attributable to C deliberately supplying false information to the other company, or to C deliberately withholding information from the other company, with the intention of the return containing the inaccuracy.
(2) A penalty is payable under this paragraph in respect of an inaccuracy whether or not the other company is liable to a penalty under paragraph 30 in respect of the same inaccuracy.
(3) A penalty payable under this paragraph is equal to the notional tax.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/7A/paragraph/32 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-7A/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.