SCHEDULES

SCHEDULE 27Schedules 24 to 26: consequential provision

Taxes Management Act 1970

I19

1

Section 107A (relevant trustees) is amended as follows.

2

In subsection (2)—

a

in paragraph (a), after “Schedule 22 to the Finance Act 2016” insert “ or Schedule 25 to the Finance Act 2021 ”;

b

in paragraph (c)—

i

after “Schedule 56 to the Finance Act 2009” insert “ or Schedule 26 to the Finance Act 2021 ”;

ii

for “that Act” substitute “ the Finance Act 2009 ”.

3

In subsection (3)—

a

omit paragraph (a);

b

in paragraph (c)—

i

in sub-paragraph (i), for “1, 3C, 12, 18 or 19” substitute “ 3C ”;

ii

omit sub-paragraph (ii) (but not the “or” at the end of that sub-paragraph);

iii

in sub-paragraph (iii), omit “or (ii)”;

c

after paragraph (d) insert—

e

in relation to—

i

a penalty under Schedule 26 to the Finance Act 2021 (penalties for failure to pay tax), or

ii

interest under section 101 of the Finance Act 2009 on a penalty within sub-paragraph (i),

the end of the specified date as defined in paragraph 1 of Schedule 26 to the Finance Act 2021;