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)”, and
(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”.