SCHEDULES
F1SCHEDULE 2BPenalties for contraventions of Part 6A
The maximum amount
10
(1)
In this Schedule “the maximum amount” means £10,000.
(2)
If it appears to the Treasury that there has been a change in the value of money since the last relevant date, they may by regulations substitute for the sum for the time being specified in sub-paragraph (1) such other sum as appears to them to be justified by the change.
(3)
In sub-paragraph (2), “relevant date” means—
(a)
the date on which the Finance Act 2015 is passed, and
(b)
each date on which the power conferred by that sub-paragraph has been exercised.
(4)
Regulations under this paragraph do not apply to any contravention which occurred before the date on which they come into force.