108 Penalties
Finance Act 1999 (1999 c 16) | Legislation

108 听笔别苍补濒迟颈别蝉

(1)聽聽聽聽 For section 245 of the Inheritance Tax Act 1984 (failure to provide information) there shall be substituted the following sections鈥

鈥245聽Failure to deliver accounts

(1)聽聽聽聽 This section applies where a person (鈥渢he taxpayer鈥) fails to deliver an account under section 216 or 217 above.

(2)聽聽聽聽 The taxpayer shall be liable鈥

(a)聽聽聽聽 to a penalty not exceeding 拢100; and

(b)聽聽聽聽 to a further penalty not exceeding 拢60 for every day after the day on which the failure has been declared by a court or the Special Commissioners and before the day on which the account is delivered.

(3)聽聽聽聽 If鈥

(a)聽聽聽聽 proceedings in which the failure could be declared are not commenced before the end of the relevant period, and

(b)聽聽聽聽 the taxpayer has not delivered the account by the end of that period,

he shall be liable to a further penalty not exceeding 拢100.

(4)聽聽聽聽 In subsection (3) above 鈥渢he relevant period鈥 means the period of six months beginning immediately after the end of the period given by section

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