# Finance Act 2008, Paragraph 41

Extent: E+W+S+N.I.

(1) If it appears to the Treasury that there has been a change in the value of money since the last relevant date, they may by regulations substitute for the sums for the time being specified in paragraphs 39(2) , 40(2) and 40A(5) such other sums as appear to them to be justified by the change.
(2) In sub-paragraph (1) , in relation to a specified sum, “relevant date” means—
(a) the date on which this Act is passed, and
(b) each date on which the power conferred by that sub-paragraph has been exercised in relation to that sum.
(3) Regulations under this paragraph do not apply to —
(a) any failure or obstruction which began before the date on which they come into force , or
(b) an inaccuracy in any information or document provided to HMRC before that date.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/36/paragraph/41 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-36/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.