Ch26280 - information & inspection powers: penalties: when is a penalty chargeable: inaccuracy - hmrc internal manual
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CH26280 - INFORMATION & INSPECTION POWERS: PENALTIES: WHEN IS A PENALTY CHARGEABLE: INACCURACY A person giving us inaccurate information or a document containing an inaccuracy in
response to an information notice, is liable to a penalty if one of the following three conditions is met. * The inaccuracy was > * careless (that is, caused by the person failing to take
> reasonable care), or > * a deliberate inaccuracy caused by anyone. * The person knew about the inaccuracy when they provided the information, or produced the document, but did
not inform us at the time. > This condition only applies to inaccuracies in information that is > provided on or after 1 April 2012. * The inaccuracy was not careless or deliberate
(that is, it was made despite taking reasonable care) but if they > * found out about it after they have given us the information or > document and > * did not take reasonable
steps to tell us about the inaccuracy. There is a separate penalty for each such inaccuracy. We will not assess a penalty for giving us inaccurate information or documents if the person *
tells us about the inaccuracy at the time they give us the documents or information, * takes reasonable steps to tell us about the inaccuracy if they later discover it, or * did not know
about the inaccuracy. Where a person gives us a document that contains a careless inaccuracy that they ought to have known about when they gave it to us but did not tell us, please contact
Central Policy, Tax Administration Advice. FA08/SCH36/PARA40A CEMA79/S118G Previous page Next page Print this page