SCHEDULES

SCHEDULE 26Penalties for failure to pay tax

PART 2Liability to a penalty

11Power to amend figures by regulations

The Commissioners for HMRC may by regulations amend this Part of this Schedule so as to—

a

change references to 15 days (or to another number of days resulting from the previous exercise of powers under this sub-paragraph) to references to a greater or lesser number of days;

b

change references to 30 days (or to another number of days resulting from the previous exercise of powers under this sub-paragraph) to references to a greater or lesser number of days;

c

increase or reduce the percentage specified in paragraph 5(4);

d

increase or reduce the percentage specified in paragraph 5(5);

e

increase or reduce the percentage specified in paragraph 8(3).