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Section 16: Serious misdeclaration or neglect resulting in understatements or overclaims.

Finance Act 1988 · 1988 c. 39View on legislation.gov.uk

Part II: Value Added Tax

Section 14 of the Finance Act 1985 (serious misdeclaration or neglect resulting in understatements or overclaims) shall be amended as follows.

For subsections (2) and (3) there shall be substituted—

In subsection (4) for the words "The references in subsections (1) to (3) above" there shall be substituted the words "Any reference in this section".

In subsection (5) for the words "subsections (2)(a) and (3) above" there shall be substituted the words "this section".

After that subsection there shall be inserted—

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.