15(1)In section 212 (aggregate penalties), references to a “relevant penalty provision” include—U.K.
(a)any provision mentioned in subsection (4) of that section, as applied in relation to relevant contributions by regulations (whenever made);
(b)section 98A of TMA 1970, as applied in relation to relevant contributions by regulations (whenever made);
(c)any provision specified in regulations made by the Treasury under which a penalty can be imposed in respect of relevant contributions.
(2)The Treasury may by regulations disapply, or modify the effect of, sub-paragraph (1)(a) or (b).
(3)The Treasury may by regulations modify section 212 as it has effect in relation to a relevant penalty provision by virtue of sub-paragraph (1)(b) or (c).
(4)Section 175(3) to (5) of SSCBA 1992 (various supplementary powers) applies to a power to make regulations conferred by this paragraph.
(5)Regulations under this paragraph must be made by statutory instrument.
(6)A statutory instrument containing regulations under this paragraph is subject to annulment in pursuance of a resolution of either House of Parliament.