Concluding the Enquiry: False Statement of Assets and Liabilities/Certificates of Disclosure: Submission
The production of a false certificate of disclosure is not by itself a statutory offence for which a pecuniary penalty is provided under the Taxes Acts, but, if fraudulently given, may amount to a criminal offence (Regina v Hudson, 36TC561). Similarly, a material omission from a signed statement of assets and liabilities may amount to a criminal offence.
Where, apart from deceased cases EM3822, you discover that a false statement of assets and liabilities or certificate of disclosure has been given and there was an omission of either
- an asset with a value of over £5,000 as at the date of the statement of assets or at any time during the period covered by the certificate of disclosure, or
- profits or gains or other taxable income during the period covered by the certificate of disclosure totalling more than £5,000
the case should be reported to the Evasion Management Team (EMT), before any further action is taken or any question of a settlement or further settlement is discussed.
Otherwise follow the next paragraph.