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Derek submitted his self-assessment tax return for the tax year 2022-23, claiming a deduction against his property income in respect of advertising for tenants. Derek,

image text in transcribed Derek submitted his self-assessment tax return for the tax year 2022-23, claiming a deduction against his property income in respect of advertising for tenants. Derek, however, did not have any advertising costs for the tax year 2022-23 because his existing tenant had renewed the lease for another year. in respect of the error is 540. What is the maximum penalty HMRC can charge Derek if it finds the error on his self-assessment tax return

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