Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
Retirement benefits schemes
106 False statements etc.
1
The following section shall be inserted after section 605 of the Taxes Act 1988—
605A False statements etc.
1
A person who fraudulently or negligently makes a false statement or false representation on making an application for the approval for the purposes of this Chapter of—
a
a retirement benefits scheme, or
b
an alteration in such a scheme,
shall be liable to a penalty not exceeding £3,000.
2
In a case where—
a
a person fraudulently or negligently makes a false statement or false representation, and
b
in consequence that person, or any other person, obtains relief from or repayment of tax under this Chapter,
the person mentioned in paragraph (a) above shall be liable to a penalty not exceeding £3,000.
2
This section shall apply in relation to things done or omitted after the day on which this Act is passed.