§
Amendments made: No. 114, in page 135, line 1, after '173', insert:
'of the Act of 1970'.
§ No. 115, in page 135, line 3, after '175', insert 'of that Act'.
§ No. 116, in page 135, line 38, leave out from beginning to 'Chapter'.
§
No. 117, in page 136, line 35, leave out from 'gains' to end of line 36 and insert:
received or receivable by him in the capacity of trustee".
§ No. 118, in page 136, line 40, leave out from beginning to second 'section'— [Mr. Dean.]
§ Mr. DeanI beg to move Amendment No. 119, in page 136, line 41, after '(5)(a)', insert 'and (b)',
This amendment modifies a provision of the Taxes Management Act 1970 in its application to Class 4 contributions. The provision relates to the charging of interest on unpaid Class 4 contributions. It is normal to charge interest on unpaid tax, but interest is not charged on other classes of basic scheme contributions which are unpaid. So far as Class 4 contributions are concerned, the intention is to charge interest only in special circumstances, for example, where the non-payment is wholly or partly attributable to the contributor's fraud, neglect, and so on.
§ Amendment agreed to.
§ Amendment made: No. 120, in page 137, line 7, leave out from beginning to 'the'.—[Mr. Dean.]
§ Mr. DeanI beg to move Amendment No. 121, in page 137, line 16, after '5(7)', insert 'or (8)'.
This carries out the intention that appeals machinery under the Taxes Management Act 1970 shall not apply to questions arising under any regulation made under Clause 5(8).
§ Amendment agreed to.