PART 4Miscellaneous and final

Penalties

118Penalties for failure to make returns etc or pay tax: consequential provision

1

Schedule 27 contains amendments that are consequential on Schedules 24 to 26.

2

Schedule 27 comes into force on such day as the Treasury may by regulations appoint.

3

Different days may be appointed for different purposes.

4

The Treasury may by regulations make transitional, transitory or saving provision in connection with the coming into force of any provision in Schedule 27.

5

The Treasury may by regulations make provision that is consequential on Schedules 24 to 26.

6

Regulations under subsection (5) may—

a

include provision amending, repealing or revoking any provision of an Act or subordinate legislation whenever passed or made (including this Act and any Act amended by it);

b

make supplementary, incidental, transitional, transitory or saving provision.

7

In subsection (6) “subordinate legislation” has the same meaning as in the Interpretation Act 1978.

8

The power to make regulations under subsection (4) or (5) includes power to make different provision for different purposes.

9

Regulations under this section are to be made by statutory instrument.

10

A statutory instrument containing (whether alone or with other provision) regulations under subsection (5) that amend or repeal provision made by an Act is subject to annulment in pursuance of a resolution of the House of Commons.