Finance Act, 2001
|
Amendment of section 27 (fraudulent returns, etc.) of Principal Act. |
197.—Section 27 of the Principal Act is amended— | |
(a) by the insertion of the following after subsection (4): | ||
“(4A) If a person acquires goods without payment of value-added tax (as referred to in Council Directive No. 67/388/EEC of 17 May 1977) in another Member State as a result of the declaration of an incorrect registration number, that person shall be liable to a penalty of £500 and, in addition, that person shall be liable to pay to the Revenue Commissioners an amount equal to the amount of tax which would have been chargeable on an intra-Community acquisition of those goods if that declaration had been the declaration of a correct registration number.”, | ||
and | ||
(b) in subsection (9A)(4) (inserted by the Finance Act, 1994 )— | ||
(i) by the substitution of “For the purposes of this section” for “For the purposes of subparagraph (b) of paragraph (1)”, | ||
and | ||
(ii) by the insertion of the following after subparagraph (b): | ||
“(bb) the declaration by a person of a registration number which is cancelled,”. |