Part 2Income tax, corporation tax and capital gains tax
Chapter 4Trusts with vulnerable beneficiary
Miscellaneous and supplementary
43Penalties under TMA 1970
(1)
Section 98 of TMA 1970 (special returns, etc) is amended as follows.
(2)
In the first column of the table insert at the appropriate place— “
section 40(1) of the Finance Act 2005
”
.
(3)
In the second column of the table insert at the appropriate place— “
section 37(3) of the Finance Act 2005;
”
, and “
section 37(6) of the Finance Act 2005;
”
.
(4)
For the purposes of that section, any information, statements or declarations given or made jointly by F1the trustees of a settlement and a vulnerable person are to be treated as given or made by the trustees.