SCHEDULES
SCHEDULE 47Amendment of information and inspection powers
16
1
Paragraph 41 (power to change amount of penalties) is amended as follows.
2
In sub-paragraph (1), for “and 40(2)” substitute “
, 40(2) and 40A(5)
”
.
3
In sub-paragraph (2)—
a
after “(1)” insert “
, in relation to a specified sum,
”
, and
b
in paragraph (b), insert at the end “in relation to that sum”.
4
In sub-paragraph (3)—
a
after “to” insert
—
a
b
insert at the end
, or
b
an inaccuracy in any information or document provided to HMRC before that date.
5
Accordingly, in the heading omit “standard and daily default”.