http://www.legislation.gov.uk/ukpga/2019/1/section/82Finance Act 2019An Act to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2026-04-30Expert Participation2026-05-01 PART 4 821In Chapter 3 of Part 3 of FA 2004 (construction industry scheme)—ain the italic heading before section 69, after “returns” insert “ , security ”;bafter section 70 insert—70A1The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision for and in connection with requiring the giving, by prescribed persons and in prescribed circumstances, of security for the payment of amounts that a person is or may be liable to pay to the Commissioners under this Chapter.2Regulations under this section must provide that security may be required only where an officer of Revenue and Customs considers it necessary for the protection of the revenue.3Regulations under this section must provide for a right of appeal against—adecisions to require security to be given;bdecisions as to the amount, terms or duration of any security required.4A person commits an offence if—athe person fails to comply with a requirement to give security that is imposed by regulations under this section, andbthe failure continues for such period as is prescribed.5A person who commits an offence under subsection (4) is liable on summary conviction—ain England and Wales, to a fine;bin Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale.6In this section—“prescribed” means prescribed in regulations under this section;“security” includes further security.2In Schedule 18 to FA 1998 (company tax returns, assessments and related matters), after paragraph 88 insert—88A1The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision for and in connection with requiring the giving, by prescribed persons and in prescribed circumstances, of security for the payment of tax that a company is or may be liable to pay.2Regulations under this paragraph must provide that security may be required only where an officer of Revenue and Customs considers it necessary for the protection of the revenue.3Regulations under this paragraph must provide for a right of appeal against—adecisions to require security to be given;bdecisions as to the amount, terms or duration of any security required.4A person commits an offence if—athe person fails to comply with a requirement to give security that is imposed by regulations under this paragraph, andbthe failure continues for such period as is prescribed.5A person who commits an offence under sub-paragraph (4) is liable on summary conviction—ain England and Wales, to a fine;bin Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale.6In this paragraph—“prescribed” means prescribed in regulations under this paragraph;“security” includes further security.3In section 684(4A) of ITEPA 2003 (failure to comply with requirement under PAYE regulations to give security), for “on summary conviction to a fine not exceeding level 5 on the standard scale” substituteon summary conviction—ain England and Wales, to a fine;bin Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale.