Point in time view as at 31/01/2013.
Finance Act 1999, Section 121 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The following provisions have effect with respect to the power conferred on the Treasury by section 98(1) of the Finance Act 1986 (stamp duty reserve tax: regulations with respect to administration, etc.).
(2)That power includes power to make provision—
(a)applying the provisions of the M1Taxes Management Act 1970 relating to penalties and the payment of interest on overdue tax, and
(b)requiring information to be provided, or books, documents or other records to be made available for inspection, and imposing a penalty for failure to do so.
(3)That power includes, and shall be deemed always to have included, power to make provision requiring specified descriptions of persons to account for and pay tax, and any interest on it, on behalf of the person liable to pay it.
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