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Finance Act 2021

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Changes over time for: Cross Heading: Power to amend figures by regulations

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Version Superseded: 06/04/2024

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Status:

Point in time view as at 01/03/2024.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2021, Cross Heading: Power to amend figures by regulations. Help about Changes to Legislation

Power to amend figures by regulationsU.K.

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)

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