- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As enacted) - English
- Original (As enacted) - Welsh
This is the original version (as it was originally enacted).
(1)A person (referred to in this section as “person A”) is liable to a penalty where—
(a)another person gives WRA a document,
(b)the document contains a relevant inaccuracy, and
(c)the inaccuracy was attributable—
(i)to person A deliberately supplying false information to the other person (whether directly or indirectly), or
(ii)to person A deliberately withholding information from the other person,
with the intention of the document containing the inaccuracy.
(2)A “relevant inaccuracy” is an inaccuracy which amounts to, or leads to—
(a)an understatement of a liability to a devolved tax,
(b)a false or inflated statement of a loss relating to a devolved tax, or
(c)a false or inflated claim to repayment of devolved tax.
(3)Person A is liable to a penalty under this section in respect of an inaccuracy whether or not the other person is liable to a penalty under section 129 in respect of the same inaccuracy.
(4)The penalty payable under this section is 100% of the potential lost revenue.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area. The revised version is currently only available in English.
Original (As Enacted or Made) - English: The original English language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Original (As Enacted or Made) - Welsh:The original Welsh language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
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