IHTA84/S247 (4) applies to third parties who either
the delivery, furnishing or production of any account,
information or document to the Board which they know to be
incorrect. You should note that the test in IHTA84/S247 (4) is in
‘knowing’ and has nothing to do with negligence. So
this section does not apply in cases where you might consider that
an agent has been negligent in giving advice to taxpayers.
The maximum penalty payable is £3,000. A lower penalty
applied to incorrect accounts, information or documents that were
delivered, furnished or produced before 27 July 1999.
You should refer any case where you think that this provision
may apply to your B2 manager, who will consult with the Penalty
Portfolio Holder.
