SCHEDULES
SCHEDULE 17Disclosure of tax avoidance schemes: VAT and other indirect taxes
PART 2Penalties
Penalty for failure to comply with duties under Part 1 (apart from paragraph 26)
42
(1)
The Treasury may by regulations vary—
(a)
any of the sums for the time being specified in paragraph 39(1);
(b)
the sum for the time being specified in paragraph 40(4);
(c)
the period for the time being specified in paragraph 41(2);
(d)
the sum for the time being specified in paragraph 41(2).
(2)
Regulations under this paragraph may include incidental or transitional provision.