Section 264 | False statements etc

(1)A person who fraudulently or negligently makes a false statement or representation is liable to a penalty not exceeding £3,000 if, in consequence of the statement or representation—

(a)that person or any other person obtains relief from, or repayment of, tax chargeable under this Part or under Part 9 of ITEPA 2003 (pension income) on pension income to which—

(i)any provision of Chapter 15A of that Part of that Act (lump sums under registered pension schemes) applies, or

(ii)section 579A of that Act (pension income under registered pension schemes) applies by virtue of any provision of that Chapter, or

(b)a registered pension scheme makes a payment which is an unauthorised payment.

(2)A person who assists in or induces the preparation of any document which the person knows—

(a)is inaccurate, and

(b)will, or is likely to, cause a registered pension scheme to make an unauthorised payment,

is liable to a penalty not exceeding £3,000.