Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 49

Penalty for deliberate inaccuracy in document given to WRA by another person

Section 49 of Schedule 23 amends the penalty provision for deliberate inaccuracies in documents given to the Welsh Revenue Authority (WRA) by another person, changing the penalty from a fixed amount to a maximum amount.

• This paragraph amends section 132 of the Tax Collection and Management (Wales) Act 2016, which deals with penalties for deliberate inaccuracies.
• The amendment applies where a person deliberately causes an inaccuracy in a document that someone else gives to WRA.
• Before the amendment, the penalty was set at a specific amount; after the amendment, the penalty becomes "an amount not exceeding" that figure, giving WRA discretion.
• The effect is to introduce flexibility, allowing WRA to impose a penalty up to the maximum rather than being required to charge the full amount in every case.