Taxes Management Act 1970 section 99B

Declarations under Chapter 2 of Part 15 of Income Tax Act 2007

Section 99B imposed a penalty for fraudulently or negligently providing incorrect information in declarations of non-UK residence made to deposit-takers and building societies under sections 858 to 861 of the Income Tax Act 2007.

• The section applied to declarations of non-UK residence made under sections 858 to 861 of the Income Tax Act 2007, which related to deduction of income tax at source by deposit-takers and building societies.
• A penalty of up to £3,000 could be imposed on any person who gave incorrect information in such a declaration either fraudulently or negligently.
• The declarations covered by this section included those made by individuals, personal representatives, trustees, and persons acting on behalf of settlements.
• Sections 858 to 861 of the Income Tax Act 2007 have now been repealed, rendering this penalty provision effectively redundant.