CCLG15440 - Assessments and Penalties: Production of information and records

A person involved, in any capacity, with any taxable supply (for example as a supplier or a customer) must, if required by us, furnish information and produce documents relating to the supply, by a specified date. (This applies to both hard copy and electronic format.) Failure to do so contravenes paragraph 124(1) and 127(1) respectively of the Finance Act 2000, Schedule 6.

In both cases, under paragraphs 124(3) and 127 (4) of Schedule 6 to the Finance Act 2000 they will be liable to a penalty of £250, and where the person fails to comply with any requirement, they will also be liable to a daily penalty of £20 for each day after the specified date, until the day before the required information or records were provided.

There is specific provision that this penalty shall not be imposed on a person who is either convicted of a criminal offence, or subject to a civil penalty under paragraph 98 of Schedule 6 to the Finance Act 2000 (civil penalty), for the same failure.