|
|
Amendment of section 1072 (penalties for fraudulently or negligently making incorrect returns, etc.) of Principal Act.
|
131.—Section 1072 of the Principal Act is amended by inserting the following after subsection (2):
|
|
| |
“(2A) Where any company fails to comply with a requirement to deliver a return of a kind referred to in section 884, by reason of fraud or neglect by that company, that company shall be liable to a penalty of—
|
|
| |
(a) €630 in the case of neglect or €1,265 in the case of fraud, and
|
|
| |
(b) (i) the amount in the case of neglect, or
|
|
| |
(ii) twice the amount in the case of fraud,
|
|
| |
of the difference specified in subsection (2B).
|
|
| |
(2B) The difference referred to in subsection (2A)(b) is the difference between—
|
|
| |
(a) the amount of corporation tax paid by the company for the accounting period or accounting periods comprising the period to which the return relates, and
|
|
| |
(b) the amount of corporation tax which would have been payable for those periods if the return had been delivered by the company and the return had been correct.”.
|
