Schedule 24 contains provision for imposing penalties on persons in respect of failures to make certain returns.

Schedule 25 contains provision for imposing penalties on persons who, by failing to make certain returns, deliberately withhold information which would enable or assist HMRC to assess that person's liability to tax.

Schedules 24 and 25 come into force on such day as the Treasury may by regulations appoint.

Different days may be appointed for different purposes.

The Treasury may by regulations make transitional, transitory or saving provision in connection with the coming into force of any provision in Schedules 24 and 25.

The power to make regulations under subsection (5) includes power to make different provision for different purposes.

Regulations under this section are to be made by statutory instrument.