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PART 4Other provisions

Anti-avoidance

120Penalties in connection with offshore matters and offshore transfers

(1)Schedule 20 contains provisions amending—

(a)Schedule 24 to FA 2007 (penalties for errors),

(b)Schedule 41 to FA 2008 (penalties for failure to notify), and

(c)Schedule 55 to FA 2009 (penalties for failure to make returns etc).

(2)That Schedule comes into force on such day as the Treasury may by order appoint.

(3)An order under subsection (2)—

(a)may commence a provision generally or only for specified purposes, and

(b)may appoint different days for different provisions or for different purposes.

(4)The power to make an order under this section is exercisable by statutory instrument.