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HMRC internal manual

Wine Guidance

From
HM Revenue & Customs
Updated
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Offences, assessments and penalties: inaccurate returns

Schedule 40 of the Finance Act 2008 (which amended Schedule 24 of the Finance Act 2007) extended the inaccuracy penalty regime to cover almost all the HMRC taxes. A penalty is payable for any inaccuracy in a return under regulations under section 56(1) of ALDA.