Explanatory Notes

Finance Act 2009

2009 CHAPTER 10

21 July 2009

Introduction

Section 107 and Schedule 56: Penalty for Failure to Make Payments on Time

Details of the Section

2.Subsection (3) allows different provisions of the Schedule to be brought into force at different times.

3.Subsection (8) provides that a statutory instrument, which contains an order under subsection (4), which includes provision to amend or repeal primary legislation, is subject to the negative procedure (meaning the instrument takes effect on a specified future date but is subject to annulment in pursuance of a resolution of the House of Commons).