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Amendments made: No. 20, in page 60, line 40, leave out from beginning to 'there' in line 41 and insert—
'(3) In paragraph (b) of subsection (4) of that section (power to provide for persons to be liable to account for tax wrongly relieved)—
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(a) after "Board" there shall be inserted "either—
(i)";
and
(b) after "it" there shall be inserted "or
(ii) for an amount determined in accordance with the regulations to be the amount which is to be taken to represent such tax;".
(4) In paragraph (c) of that subsection (adaptation and modification of enactments to secure tax accounted for), in sub-paragraph (iii) after "tax" there shall be inserted "and other amounts".
(5) After that paragraph'.
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No. 21, in page 61, line 6, after 'above;' insert—
'(cc) that an investor under a plan or a plan manager is, in prescribed cases where relief has been given to which there was no entitlement, to be liable to a penalty of a prescribed amount, instead of to any obligation to account as mentioned in paragraph (b) or (cb) above;
(cd) that liabilities equivalent to any of those which, by virtue of any of the preceding paragraphs of this subsection, may be imposed in cases where relief has been given to which there was no entitlement are to arise (in place of the liabilities to tax otherwise arising) in other cases where, in relation to any plan—
would have the effect (subject to the provision made by virtue of this paragraph) of excluding or limiting an entitlement to relief;'.
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No. 22, in page 61, line 6, at end insert—
'(6) In section 151(2) of the Taxation of Chargeable Gains Act 1992 (application of subsections (2) to (5) of section 333 of the Taxes Act 1988 to relief from capital gains tax in respect of investments under plans), for "(2)" there shall be substituted "(1A)".'.—[Dawn Primarolo.]