C1C2Part 4Stamp duty land tax
Pt. 4 modified (coming into force at 2 p.m. on 6.12.2006) by The Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2006 (S.I. 2006/3237), regs. 1, 2, Sch.
Compliance
93I1Information powers
1
Schedule 13 has effect with respect to the powers of the Inland Revenue to call for documents and information for the purposes of stamp duty land tax.
2
In that Schedule—
Part 1 confers power on an authorised officer to call for documents or information from the taxpayer;
Part 2 confers power on an authorised officer to call for documents from a third party;
Part 3 confers power on an authorised officer to call for the papers of a tax accountant;
Part 4 imposes restrictions on the powers under Parts 1 to 3;
Part 5 confers powers on the Board to call for documents or information;
Part 6 provides for an order of a judicial authority for the delivery of documents;
Part 7 provides for entry with a warrant to obtain evidence of an offence;
Part 8 relates to falsification etc of documents.
3
A person who is required by a notice under Part 1, 2 or 3 of Schedule 13 to deliver a document or to provide information, or to make a document available for inspection, and who fails to comply with the notice is liable to a penalty not exceeding £300.
4
If the failure continues after a penalty has been imposed under subsection (3), he is liable to a further penalty or penalties not exceeding £60 for each day on which the failure continues after the day on which the penalty under that subsection was imposed (but excluding any day for which a penalty under this subsection has already been imposed).
5
No penalty shall be imposed under subsection (3) or (4) in respect of a failure at any time after the failure has been remedied.
6
A person who is required by a notice under Part 1, 2 or 3 of Schedule 13 to deliver a document or to provide information, or to make a document available for inspection, and who fraudulently or negligently delivers, provides or makes available any incorrect document or information is liable to a penalty not exceeding £3,000.
Pt. 4 construed as one with S.I. 2006/575, reg. 43 (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 43(4)