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–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.