SCHEDULE 40 Penalties: Amendments of Schedule 24 to FA 2007
Finance Act 2008 (2008 c 9) | Legislation

SCHEDULE 40 Penalties: Amendments of Schedule 24 to FA 2007

Section 122

1

Schedule 24 to FA 2007 (penalties for errors) is amended as follows.

2

(1)     Paragraph 1 (error in taxpayer's document) is amended as follows.

(2)     In sub-paragraph (2)—

(a)     for “P's†substitute “aâ€, and

(b)     omit “by Pâ€.

(3)     In sub-paragraph (3), for “careless or deliberate (within the meaning of paragraph 3)†substitute “careless (within the meaning of paragraph 3) or deliberate on P's partâ€.

(4)     In the Table, after the entry relating to income tax and capital gains tax: accounts in connection with a partnership return insert—

“Income taxReturn under section 254 of FA 2004.â€

(5)     In the Table, after the entries relating to VAT insert—

“Insurance premium taxReturn under regulations under section 54 of FA 1994.
Insurance premium taxReturn, statement or declaration in connection with a claim.
Inheritance taxAccount under section 216 or 217 of IHTA 1984.
Inheritance taxInformation or document under regulations under section 256 of IHTA 1984.
Inheritance taxStatement or declaration in connection with a deduction, exemption or relief.
Stamp duty land taxReturn under section 76 of FA 2003.
Stamp
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