The penalties for failing to comply with HMRC’s information and inspection powers are to be found in FA 2008, Sch. 36, Part 7. Penalties can be charged under these provisions for:-
The penalties under Part 7 are:-
Para. 47 provides a right of appeal against the standard and daily penalties, against either:-
A defence of reasonable excuse is provided by para. 45 against the imposition of a standard or daily penalty.
The provisions of Part 8 make it a criminal offence to conceal, destroy or dispose of documents that are subject to an information notice approved by the Tribunal. The person guilty of the offence under Part 8 is liable for a fine or imprisonment.