(1)Schedule 24 contains provision for imposing penalties on persons in respect of failures to make certain returns.
(2)Schedule 25 contains provision for imposing penalties on persons who, by failing to make certain returns, deliberately withhold information which would enable or assist HMRC to assess that person's liability to tax.
(3)Schedules 24 and 25 come into force on such day as the Treasury may by regulations appoint.
(4)Different days may be appointed for different purposes.
(5)The Treasury may by regulations make transitional, transitory or saving provision in connection with the coming into force of any provision in Schedules 24 and 25.
(6)The power to make regulations under subsection (5) includes power to make different provision for different purposes.
(7)Regulations under this section are to be made by statutory instrument.
(1)Schedule 26 contains provision for imposing penalties on persons in respect of failures to make certain payments on time.
(2)Schedule 26 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 26.
(5)The power to make regulations under subsection (4) includes power to make different provision for different purposes.
(6)Regulations under this section are to be made by statutory instrument.
(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.
Schedule 28 makes provision in relation to penalties to which a person may be liable after a follower notice has been given under Chapter 2 of Part 4 of FA 2014.