(1)The following section shall be inserted after section 605 of the Taxes Act 1988—
(1)A person who fraudulently or negligently makes a false statement or false representation on making an application for the approval for the purposes of this Chapter of—
(a)a retirement benefits scheme, or
(b)an alteration in such a scheme,
shall be liable to a penalty not exceeding £3,000.
(2)In a case where—
(a)a person fraudulently or negligently makes a false statement or false representation, and
(b)in consequence that person, or any other person, obtains relief from or repayment of tax under this Chapter,
the person mentioned in paragraph (a) above shall be liable to a penalty not exceeding £3,000.”
(2)This section shall apply in relation to things done or omitted after the day on which this Act is passed.