PART 10Tax avoidance and evasion

Offshore activities

163Penalties in connection with offshore matters and offshore transfers

1

Schedule 21 contains provisions amending—

a

Schedule 24 to FA 2007 (penalties for errors in tax returns etc),

b

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

c

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

2

That Schedule comes into force on such day as the Treasury may by regulations made by statutory instrument appoint.

3

Regulations under this section may—

a

commence a provision generally or only for specified purposes,

b

appoint different days for different provisions or for different purposes, and

c

make supplemental, incidental and transitional provision.