Section 120

PENALTIES FOR ERRORS

Commencement Date

The appointed day for the coming into force of Sch. 20, para. 3(3) to 3(7), 4 and 8 is 1 April 2016 (SI 2016/456, art. 3).

The day appointed for the coming into force of Sch. 20, para. 11(3) to 11(9) and 12 is 6 April 2016 (SI 2016/456, art. 4).

The day appointed for the coming into force of Sch. 20, para. 16(3) to 16(9) and 17 is 6 April 2016 (SI 2016/456, art. 5).


1  Schedule 24 to FA 2007 is amended as follows.

2(1)  Paragraph 4 (penalties payable under paragraph 1) is amended as follows.

2(2)  After sub-paragraph (1) insert–

4(1A)  “If the inaccuracy is in category 0, the penalty is–

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