Section 85 Security for payment of PAYE

(1)

Section 684 of ITEPA 2003 (PAYE regulations) is amended as follows.

(2)

In subsection (2), after item 4A insert—

“
4B
Provision for and in connection with requiring the giving, in specified circumstances, of security (or further security) for the payment of amounts in respect of which a person is or may be accountable to the Commissioners under the regulations.”

(3)

After subsection (4) insert—

“(4A)
A person who fails to comply with a requirement imposed under PAYE regulations to give security, or further security, for the payment of any amount commits an offence if the failure continues for such period as is specified; and a person guilty of an offence under this subsection is liable on summary conviction to a fine not exceeding level 5 on the standard scale.”