PART 3Repayments by Assessment to Income Tax
PenaltiesI135
F11
Schedule 55 to the Finance Act 2009 (penalty for failure to make returns etc) applies—
a
in relation to a return or other document which is required to be made or delivered to Her Majesty’s Revenue and Customs F3...,
b
which falls within item 1 of the Table in paragraph 1 of that Schedule, and
c
which is required to include information under regulation 25,
as it applies to income tax on that same return.
F22
The references to liability to tax in Schedule 55 to the Finance Act 2009 are construed as references to the aggregate of the amounts which, if a proper return had been delivered on the filing date, would have been payable—
a
by the taxpayer under section 59B of that Act (payment of income tax and capital gains tax); and
b
where the taxpayer is a borrower, by way of repayment under regulation 24.
F43
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4
a
in relation to anything done for the purposes of or in connection with the ascertainment of liability of a borrower to make a repayment under this Part as it applies for the purposes of or in connection with the ascertainment of liability to income tax; and
b
in the case of returns, statements, declarations, accounts, information or documents for the purposes of repayments under this Part as it applies for the purposes of income tax.