Taxes Management Act 1970 section 99A

Certificates of non-liability to income tax

Section 99A imposes a penalty on any person who fraudulently or negligently provides a certificate of non-liability to income tax, or who fails to honour the undertakings contained in such a certificate.

• This section relates to certificates of non-liability to income tax issued under regulations made pursuant to section 852 of the Income Tax Act 2007 (now repealed)
• A penalty of up to £3,000 applies where a person gives such a certificate either fraudulently or negligently
• The same penalty applies where a person fails to comply with any undertaking contained in the certificate as required by the regulations
• Section 852 of ITA 2007, which provided the power to make regulations disapplying the obligation to deduct income tax on interest paid by deposit-takers and building societies, has since been repealed