FA 2008, Sch 36 provides HMRC with information and inspection powers. For commentary on the powers, please refer to V5.234.
Information notices—standard penalty
A person is liable to a penalty1 if the person:
- Ìý
•ÌýÌýÌýÌý fails to comply with an information notice
- Ìý
•ÌýÌýÌýÌý conceals, destroys or otherwise disposes of a document that is the subject of an information notice
- Ìý
•ÌýÌýÌýÌý conceals, destroys or otherwise disposes of a document which the person has been notified by HMRC is, or is likely to be, the subject of an information notice
- Ìý
•ÌýÌýÌýÌý deliberately obstructs an HMRC officer in the course of an inspection
Failure to comply with an information notice does not give rise to a penalty if the failure relates to a time limit which is extended by HMRC, providing the extended time limit is complied with2.
HMRC may assess the penalty and notify the person concerned3. Such an assessment must
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Web page updated on 17 Mar 2025 13:22