Section 271 | Misrepresentation

(1)If a qualifying person has provided an HMRC officer with information which is false or misleading—

(a)in, or in connection with, an application for an advance tax clearance, or

(b)otherwise in connection with such a clearance,

an HMRC officer may revoke the clearance.

(2)The effect of a revocation under subsection (1) is that the clearance is treated as never having been given.

(3)A person is liable to a penalty of £10,000 if the person carelessly or deliberately makes a false or misleading statement to an HMRC officer—

(a)in, or in connection with, an application for or in relation to an advance tax clearance, or

(b)otherwise in connection with such a clearance.