Part 11 Penalties
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Part 11 Penalties

Penalties payable in connection with this Schedule

40

This Part of this Schedule sets out penalties payable in connection with this Schedule, as follows—

(a)     paragraph 41 amends Schedule 41 to FA 2008 to impose a penalty on a filing member of a multinational group that fails to register with or otherwise notify HMRC under Part 3 of this Schedule;

(b)     paragraph 42 imposes a penalty on a filing member of a registered group that fails to submit an information return or overseas return notification under Part 4 of this Schedule;

(c)     paragraph 43 imposes a penalty on a filing member of a registered group that fails to submit a self-assessment return or below-threshold notification under Part 5 of this Schedule;

(d)     paragraph 45 amends Schedule 24 to FA 2007 to impose a penalty on a filing member of a multinational group that provides inaccurate information to HMRC;

(e)     paragraph 46 imposes a penalty on a filing member of a multinational group that fails to keep or preserve records under Part 9 of this Schedule.

41

In paragraph 1 of Schedule 41 to FA 2008 (penalties for failure to notify etc), in the

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