Paragraph 18

In section 98C of TMA 1970 (notification under Part 7 of FA 2004)—

(a)

in subsection (3) for “penalty of the relevant sum” substitute “ penalty not exceeding the relevant sum ”, and

(b)

in subsection (4)—

(i)

in paragraph (a) for “£100” substitute “ £5,000 ”,

(ii)

in paragraph (b) for “£500” substitute “ £7,500 ”, and

(iii)

in paragraph (c) for “£1,000” substitute “ £10,000 ”.