SCHEDULES

F1SCHEDULE 2BPenalties for contraventions of Part 6A

Annotations:
Amendments (Textual)
F1

Sch. 2B inserted (26.3.2015) by Finance Act 2015 (c. 11), s. 54(5)(8)

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.