Taxes Consolidation Act, 1997
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Penalties for fraudulently or negligently making incorrect returns, etc. [CTA76 s143(9), (10) and (11)] |
1072.—(1) Where a company fraudulently or negligently— | |
(a) delivers an incorrect return under section 884 , | ||
(b) makes any incorrect return, statement or declaration in connection with any claim for any allowance, deduction or relief in respect of corporation tax, or | ||
(c) submits to an inspector, the Revenue Commissioners or the Appeal Commissioners any incorrect accounts in connection with the ascertainment of the company's liability to corporation tax, | ||
the company shall be liable to a penalty of— | ||
(i) £500 or, in the case of fraud, £1,000, and | ||
(ii) the amount or, in the case of fraud, twice the amount of the difference specified in subsection (2), and | ||
the secretary of the company shall be liable to a separate penalty of £100 or, in the case of fraud, £200. | ||
(2) The difference referred to in subsection (1) shall be the difference between— | ||
(a) the amount of corporation tax payable by the company for the accounting period or accounting periods comprising the period to which the return, statement, declaration or accounts relate, and | ||
(b) the amount which would have been the amount so payable if the return, statement, declaration or accounts had been correct. | ||
(3) Subsection (3) of section 1053 shall apply for the purposes of this section as it applies for the purposes of section 1053 . |