Under FA 2014, Sch 35, para 4, a penalty can apply if a person provides inaccurate information and documentation that is relevant to the POTAS regime.
Penalties can be imposed where the inaccuracy was deliberate or careless and the person either knew at the time that the information/documentation was incorrect and did not advise HMRC or realised at a later date and did not inform HMRC at that time1.
In the
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:41