SCHEDULE 2Alternative provision as to penalties in cases of disapplication of section 85(1) of the 2012 Act

Finance Act 1993 (c.34)I16

1

The Finance Act 1993 is amended as follows.

2

In section 29 (registration of promoters etc), in subsection (7)(a), for “the statutory maximum” substitute “£20,000”.

3

In section 31 (general offences)—

a

in subsection (2)(a), for “the statutory maximum” substitute “£20,000”;

b

in subsection (4)(a), for “the statutory maximum” substitute “£20,000”.