SCHEDULES
C1SCHEDULE 7 Insurance premium tax
Annotations:
Modifications etc. (not altering text)
Part IV Penalties
Civil penalties
20
For the purposes of paragraphs 14(3), 15(5), 17(3), 18(2) and 19(4) above—
a
an insufficiency of funds available for paying any amount is not a reasonable excuse, and
b
where reliance is placed on any other person to perform any task, neither the fact of that reliance nor any conduct of the person relied upon is a reasonable excuse.
Sch. 7 extended (19.3.1997) by 1997 c. 16, s. 50, Sch. 5 Pt. I paras. 1, 4(2)