SDLTM86360 - Compliance: Penalties

Other legislation: Assisting in the preparation of an incorrect land transaction return FA03/S96

A person who assists in or induces the preparation or delivery of any information, land transaction return or other documents which they know will be (or are likely to be) used for tax purposes and also knows them to be incorrect, is liable to a penalty not exceeding £3000.

The time limit for a penalty is 20 years from the date when the penalty was incurred.

In any case where the use of FA03/S96 might be required, SCI should be contacted for advice via a Grade 6 officer.