Related Commentary  

13  The circumstances prescribed for the purposes of section 59E(4) of the Management Act (penalty not exceeding twice the amount of interest charged by virtue of regulation 7 on any unpaid amount in respect of the total liability of a company for an accounting period) are where–

(a)the company, or a person acting on its behalf, deliberately or recklessly fails to pay the amount in question in accordance with these Regulations;

(b)the company, or a person acting on its behalf fraudulently or negligently makes a claim for repayment of an amount under regulation 6(2).


Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.