(1) Where a company fraudulently or negligently -
(a) delivers an incorrect return under section 884,
(b) makes any incorrect return, statement or declaration in connection with any claim for any allowance, deduction or relief in respect of corporation tax, or
(c) submits to an inspector, the Revenue Commissioners or the Appeal Commissioners any incorrect accounts in connection with the ascertainment of the company's liability to corporation tax,
the company shall be liable to a penalty of -
(i) €630 or, in the case of fraud, €1,265, and
(ii) the amount or, in the case of fraud, twice the amount of the difference specified in subsection (2), and
the secretary of the company shall be liable to a separate penalty of €125 or, in the case of fraud, €250.
(2) The difference referred to in subsection (1) shall be the difference between -
(a) the amount of corporation tax payable by the company for the accounting period or accounting periods comprising the period to which the return,
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