
Print Options
PrintThe Whole
Act
PrintThe Whole
Schedule
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Paragraph 44


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
No versions valid at: 01/03/2024
Status:
Point in time view as at 01/03/2024. This version of this cross heading contains provisions that are not valid for this point in time.

Status
Not valid for this point in time generally means that a provision was not in force for the point in time you have selected to view it on.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2021, Paragraph 44.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Valid from 06/04/2024
44(1)Schedule 21 to FA 2015 (penalties in connection with offshore asset moves) is amended as follows.U.K.
(2)In paragraph 1(2), at the beginning of paragraph (b) insert “ where the original penalty is a penalty specified in paragraph (a), (b), (c) or (d) of paragraph 2, ”.
(3)In paragraph 2—
(a)omit the “and” at the end of paragraph (c);
(b)at the end of paragraph (d) insert “, and
(e)a penalty under paragraph 3 of Schedule 25 to FA 2021 (penalties for deliberately withholding information), where the tax at stake is income tax or capital gains tax.”
(4)In paragraph 5—
(a)in sub-paragraph (4), in the words before paragraph (a)—
(i)after “original penalty is” insert “ a penalty under paragraph 6 of Schedule 55 to FA 2009 ”;
(ii)for “Schedule 55 to FA 2009” substitute “ that Schedule ”;
(b)after sub-paragraph (5) insert—
“(6)Where the original penalty is a penalty under paragraph 3 of Schedule 25 to FA 2021 for a failure to make a return or deliver a document specified in the table in paragraph 1 of that Schedule, the relevant time is, if the tax at stake is income tax or capital gains tax, the beginning of the tax year to which the return or document relates.”
Back to top