SCHEDULES
SCHEDULE 55Penalty for failure to make returns etc
27Interpretation
1
This paragraph applies for the construction of this Schedule.
2
The withholding of information by P is—
a
“deliberate and concealed” if P deliberately withholds the information and makes arrangements to conceal the fact that the information has been withheld, and
b
“deliberate but not concealed” if P deliberately withholds the information but does not make arrangements to conceal the fact that the information has been withheld.
3
“HMRC” means Her Majesty’s Revenue and Customs.
4
References to a liability to tax, in relation to a return falling within item 6 in the Table (construction industry scheme), are to a liability to make payments in accordance with Chapter 3 of Part 3 of FA 2004.
5
References to an assessment to tax, in relation to inheritance tax and stamp duty reserve tax, are to a determination.