SCHEDULES

SCHEDULE 1 Supplementary provisions relating to contributions of Classes 1, 1A, F71B, 2 F8, 3 and 3A

Annotations:
Amendments (Textual)
F8

Words in Sch. 1 heading substituted (12.10.2015) by Pensions Act 2014 (c. 19), s. 56(1), Sch. 15 para. 12; S.I. 2015/1475, art. 3(b)

Special penalties in the case of certain returns

F67A

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 F1other powers of the Inland Revenue to penalise omissions or errors in returns, regulations F5made by the Treasury may provide for the F2Inland Revenue 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 F3Inland Revenue within six 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 F4Inland Revenue, in their discretion, to mitigate or to remit the penalty, or to stay or to compound any proceedings for it.