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Finance Act 2005

Amendment of Chapter 1 (income tax and corporation tax penalties) of Part 47 of Taxes Consolidation Act 1997.

141.—(1) Chapter 1 of Part 47 of the Taxes Consolidation Act 1997 is amended—

(a) in section 1053—

(i) in subsection (1)(ii) by deleting “the amount or, in the case of fraud, twice”, and

(ii) in subsection (1A)(b) by deleting “the amount or, in the case of fraud, twice”,

and

(b) in section 1054, in subsection (3)(a)(i)(II) by deleting “the amount or, in the case of fraud, twice”.

(2) This section applies to returns, statements, declarations, or accounts delivered, made or, as the case may be, submitted on or after the passing of this Act.