# Finance Act 2004, Paragraph 8


(1) Section 98A of the Taxes Management Act 1970 is amended as follows.
(2) In subsection (1) (regulations which may provide for section 98A to apply) for “section 566 (1) (sub-contractors) of the principal Act” substitute “ section 70(1)(a) or 71 of the Finance Act 2004 (sub-contractors) ”.
(3) In subsection (2)(b) (penalty for failure to make return continuing beyond 12 months)—
(a) after “not exceeding” insert—
“(i) in the case of a provision of PAYE regulations,”, and
(b) at the end insert
“, or
(ii) in the case of a provision of regulations under section 70(1)(a) or 71 of the Finance Act 2004, £3,000.”.
(4) In subsection (4)(a) (penalty for fraudulently or negligently making incorrect return) after “year of assessment” insert “ (in the case of a provision of PAYE regulations) or period (in the case of a provision of regulations under section 70(1)(a) or 71 of the Finance Act 2004) ”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-12/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.