Part 2Anti-avoidance and revenue protection

Other international matters

35Penalties: offshore income etc

1

Schedule 10 contains provision about penalties in respect of offshore income etc.

P12

Schedule 10 comes into force on such day as the Treasury may by order appoint.

3

An order under subsection (2)—

a

may make different provision for different purposes, and

b

may include transitional provisions and savings.

4

The Treasury may by order make any incidental, supplemental, consequential, transitional or transitory provision or saving that appears appropriate in consequence of, or otherwise in connection with, Schedule 10.

5

An order under subsection (4) may—

a

make different provision for different purposes, and

b

make provision amending, repealing or revoking an enactment or instrument (whenever passed or made).

6

An order under this section is to be made by statutory instrument.

7

A statutory instrument containing an order under subsection (4) is subject to annulment in pursuance of a resolution of the House of Commons.