Section 206 — Finance Act 2003: Admissibility of evidence not affected by offer of settlement etc

Admissibility of evidence not affected by offer of settlement etc 206 1 In section 105(1) of the Taxes Management Act 1970 (c. 9) (evidence in cases of fraudulent conduct), for paragraphs (a) and (b) and the word “that” preceding them substitute—

a that where serious tax fraud has been committed the Board may accept a money settlement and that the Board will accept such a settlement, and will not pursue a criminal prosecution, if he makes a full confession of all tax irregularities, or b that the extent to which he is helpful and volunteers information is a factor that will be taken into account in determining the amount of any penalty, .

2 For the heading to that section substitute “ . Admissibility of evidence not affected by offer of settlement etc ” 3 In paragraph 3(1) of Schedule 18 to the Finance Act 1999 (c. 16) (which makes corresponding provision in relation to stamp duty), for paragraphs (a) and (b) substitute—

a that where serious stamp duty fraud has been committed the Board may accept a money settlement and that the Board will accept such a settlement, and will not pursue a criminal prosecution, if he makes a full confession of all stamp duty irregularities, or b that the extent to which he is helpful and volunteers information is a factor that will be taken into account in determining the amount of any penalty, .

4 For the heading before that paragraph substitute “ . Admissibility of evidence not affected by offer of settlement etc ” 5 The above amendments have effect in relation to statements made, or documents produced, after the passing of this Act.