Part 2

Anti-avoidance and revenue protection

Other international matters

Penalties: offshore income etc
35
1
Schedule 10 contains provision about penalties in respect of offshore income etc.
2
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.
S. 35(2)(3) power partly exercised: 6.4.2011 appointed for specified provisions and purposes by {S.I. 2011/975}, art. 2 (with arts. 3-5)