Part 9Miscellaneous and supplementary provisions
Administrative matters
206Admissibility of evidence not affected by offer of settlement etc
1
In section 105(1) of the Taxes Management Act 1970 (c. 9) (evidence in cases of fraudulent conduct), for paragraphs (a) and (b) and the word “that” preceding them substitute—
a
that where serious tax fraud has been committed the Board may accept a money settlement and that the Board will accept such a settlement, and will not pursue a criminal prosecution, if he makes a full confession of all tax irregularities, or
b
that the extent to which he is helpful and volunteers information is a factor that will be taken into account in determining the amount of any penalty,
2
For the heading to that section substitute “
Admissibility of evidence not affected by offer of settlement etc
”
.
3
In paragraph 3(1) of Schedule 18 to the Finance Act 1999 (c. 16) (which makes corresponding provision in relation to stamp duty), for paragraphs (a) and (b) substitute—
a
that where serious stamp duty fraud has been committed the Board may accept a money settlement and that the Board will accept such a settlement, and will not pursue a criminal prosecution, if he makes a full confession of all stamp duty irregularities, or
b
that the extent to which he is helpful and volunteers information is a factor that will be taken into account in determining the amount of any penalty,
4
For the heading before that paragraph substitute “
Admissibility of evidence not affected by offer of settlement etc
”
.
5
The above amendments have effect in relation to statements made, or documents produced, after the passing of this Act.