18(1)The Commissioners for HMRC may by regulations—U.K.
(a)amend paragraph 5(9) so as to increase or reduce the maximum number of penalty points for a group of returns;
(b)amend paragraph 8(4) so as to increase or reduce the number of months;
(c)amend paragraph 8(5) so as to increase or reduce the number of months;
(d)amend paragraph 15(4) so as to increase or reduce the amount of the penalty.
(2)Regulations under sub-paragraph (1)(a) may also amend column 3 of the table in paragraph 10.
(3)Regulations under this paragraph—
(a)are to be made by statutory instrument;
(b)may include transitional, transitory and saving provision.
(4)A statutory instrument containing regulations under this paragraph may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
Commencement Information
I1Sch. 24 para. 18 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(1)
I2Sch. 24 para. 18 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2(1)