(1)A return under this Act must include a declaration by the buyer that the return is, to the best of the buyer's knowledge, correct and complete.
(2)But where—
(a)the buyer authorises an agent to complete the return,
(b)the buyer makes a declaration that, with the exception of the relevant date, the information provided in the return is to the best of the buyer's knowledge, correct and complete, and
(c)the return includes a declaration by the agent that the relevant date provided in the return is to the best of the agent's knowledge correct,
the requirement in subsection (1) is deemed to be met.
(3)The relevant date is—
(a)in relation to a return under section 47, the date of the event as a result of which the return is required,
(b)in relation to a return under section 49, the date on which the disqualifying event occurred,
(c)in relation to a return under section 51, the effective date of the later transaction,
(d)in relation to a return under paragraph 24 of Schedule 5, the date on which the interim period that applies in accordance with paragraph 9(5) or 18(5) of that Schedule ended, and
(e)in relation to a return made under any other provision of this Act, the effective date of the transaction.
(4)Nothing in subsection (2) affects the liability of the buyer under this Act or TCMA.
Commencement Information
I1S. 53 in force at 1.4.2018 by S.I. 2018/34, art. 3