I have a quick question for the Chief Secretary on which I would appreciate clarification. The provision seems to mirror section 99 of the Taxes Management Act 1970. It would appear wrong that the same document—the incorrect return—should be capable of attracting penalties under both provisions. That could be seen in some quarters as a doubling of the statutory maximum penalty. I seek the Chief Secretary's clarification on that, and his confirmation that that will not be the case.
The clause applies section 99 of the Taxes Management Act 1970 to stamp duty land tax. It does not duplicate the 1970 Act, but it does apply the provision to stamp duty land tax. If people were to seek to evade two taxes, whether on one form or two, they would face two penalties, which seems perfectly reasonable. People seeking to evade two taxes could pay a maximum penalty of £6,000, which no one would object to.