Sch. 24 applies to different matters at various times as explained below.
No person is liable to the penalty under Sch. 24 in respect of any tax period for which a return is required to be made before 1 April 2009 (Finance Act 2007, Schedule 24 (Commencement and Transitional Provisions) Order 2008 (SI 2008/568 (C. 20), art. 2 and 3).
The original penalties for errors applies from:
•1 April 2008 in relation to relevant documents relating to tax periods commencing on or after 1 April 2008 (SI 2008/568 (C. 20), art. 2(a); subject to the transitional provisions in SI 2008/568 (C. 20), art. 3).