# Finance Act 2005, Section 43: Penalties under TMA 1970

Extent: E+W+S+N.I.

(1) Section 98 of TMA 1970 (special returns, etc) is amended as follows.
(2) In the first column of the table insert at the appropriate place— “ section 40(1) of the Finance Act 2005 ”.
(3) In the second column of the table insert at the appropriate place— “ section 37(3) of the Finance Act 2005; ”, and “ section 37(6) of the Finance Act 2005; ”.
(4) For the purposes of that section, any information, statements or declarations given or made jointly by the trustees of a settlement and a vulnerable person are to be treated as given or made by the trustees.

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Source: https://www.legislation.gov.uk/ukpga/2005/7/section/43 (the official version)
Page: https://openlegislation.uk/finance-act-2005/section-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.