Finance Act 2008 (c. 9)

SCHEDULES

SCHEDULE 40 U.K. Penalties: amendments of Schedule 24 to FA 2007

6 U.K. In paragraph 4 (standard amount), after sub-paragraph (1) insert—

“(1A) The penalty payable under paragraph 1A is 100% of the potential lost revenue.”

Commencement Information

I1 Sch. 40 para. 6 in force at 1.4.2009 by S.I. 2009/571, art. 2