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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Incorrect account, information or document: s.248(2) penalty

Under IHTA84/S248 (2) a person other than the person who delivered, furnished or producedan incorrect account, document or information may be liable for a penalty if

  • the error comes to the notice of the other person
  • the other person is liable for the tax that has been or might have been underpaid, and
  • the other person fails to tell us of the error without unreasonable delay.

The maximum penalty payable is the same as for a penalty for negligence underIHTA84/S247 (1) (IHTM36103).

If you think that a penalty may be payable under IHTA84/S248 (2) you should refer the fileto your B2 manager, who will consult the Penalty Portfolio Holder.