http://www.legislation.gov.uk/ukpga/2023/30/section/335Finance (No. 2) Act 2023Statute Law Database2026-05-07Expert Participation2026-03-18 Part 7 335 1 Paragraph 1 of Schedule 26 to FA 2021 (penalties for failure to pay tax) is amended in accordance with subsections (2) to (4). 2 The existing text becomes sub-paragraph (1). 3 In the table in that sub-paragraph relating to value added tax— a in item 1, in the second column, for “(except an amount within item 2, 3, 4 or 5)” substitute “except an amount within item 3, 4 or 5, or that is an annual accounting scheme instalment”; b omit item 2. 4 After that sub-paragraph insert— 2 In the table relating to value added tax, “annual accounting scheme instalment” means an amount payable to HMRC by virtue of regulation 50(2)(a) of the Value Added Tax Regulations 1995 (S.I. 1995/2518). 5 The amendments made by this section are treated as always having had effect.