Taxes Management Act 1970 section 98

Special returns, etc.

Section 98 sets out the penalties that apply when a person fails to comply with notices requiring the delivery of tax returns, documents, or information, or when a person fraudulently or negligently provides incorrect information.

• A person who fails to comply with a notice to deliver returns, documents, or information faces an initial penalty of up to £300, plus a further penalty of up to £60 per day for continued non-compliance
• A person who fraudulently or negligently provides incorrect information, certificates, or documents faces a penalty of up to £3,000
• No penalty can be imposed once the failure has been remedied
• Higher penalties of up to £3,000 (initial) and £600 per day apply in certain specific situations, including failures relating to income tax deduction obligations, payments made without proper tax deduction, and failures to comply with employment intermediary reporting requirements