You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.

Schedule 24 FA 2007 contains three penalties.

1. Giving HMRC an inaccurate document (FA07/SCH24/PARA1)

A penalty is chargeable where a person gives HMRC an inaccurate return or other document, see CH81060, which satisfies the two conditions in CH81070. These are

the inaccurate document either amounts to or leads to

an understatement of a person's liability to tax, or

a false or inflated statement of a loss, or

a false or inflated claim to repayment of tax, and

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