Contributions returns
53.—(1) In sub-paragraph (3) of paragraph 7 of Schedule 1 to the Contributions and Benefits Act—
(a)for the words “is liable to” there shall be substituted the words “has been required to pay”; and
(b)for the words “be liable to” there shall be substituted the words “be required to pay”.
(2) After that paragraph there shall be inserted the following paragraph—
“7A.—(1) This paragraph applies where paragraph 7 above applies; and in this paragraph “contributions return” has the same meaning as in that paragraph.
(2) Without prejudice to paragraph 7(2) above or to the powers of the Inland Revenue to penalise omissions or errors in returns, regulations may provide for the Department to impose penalties in respect of a person who, in making a contributions return, fraudulently or negligently—
(a)fails to provide any information or computation that he is required to provide; or
(b)provides any such information or computation that is incorrect.
(3) Regulations under sub-paragraph (2) above shall—
(a)prescribe the rates of penalty, or provide for how they are to be ascertained;
(b)provide for the penalty to be imposed by the Department within 6 years after the date on which the penalty is incurred;
(c)provide for determining the date on which, for the purposes of paragraph (b) above, the penalty is incurred;
(d)prescribe the means by which the penalty is to be enforced; and
(e)provide for enabling the Department, in its discretion, to mitigate or to remit the penalty, or to stay or to compound any proceedings for it.”.