Textual Amendments
F1Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1
Modifications etc. (not altering text)
C1Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)
The issuing company is liable to a penalty not exceeding £3,000 if—
(a)it issues a compliance certificate, or provides a compliance statement, which is made fraudulently or negligently, or
(b)it issues a compliance certificate in contravention of section 257EC(3) or (4).]