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HMRC internal manual

Inheritance Tax Manual

Incorrect account, information or document: s.247(3) penalty

IHTA84/S247 (3) applies if a person who is not liable for the tax fraudulently or negligently

  • furnishes incorrect information, or
  • produces an incorrect document

to the Board.

The maximum penalty payable for accounts, documents or information delivered after 22 July 2004 is £3,000

For accounts, documents or information delivered between 22 July 1999 and 22 July 2004 the maximum penalty is

  • in the case of negligence, £1,500
  • in the case of fraud, £3,000.

A lower penalty applied to information or documents that were furnished or produced before 27 July 1999.

You should refer any case where you think that IHTA84/S247 (3) might apply to your B2 manager.