# Finance Act 2021, Paragraph 18


(1) The Commissioners for HMRC may by regulations—
(a) amend paragraph 5(9) so as to increase or reduce the maximum number of penalty points for a group of returns;
(b) amend paragraph 8(4) so as to increase or reduce the number of months;
(c) amend paragraph 8(5) so as to increase or reduce the number of months;
(d) amend paragraph 15(4) so as to increase or reduce the amount of the penalty.
(2) Regulations under sub-paragraph (1)(a) may also amend column 3 of the table in paragraph 10.
(3) Regulations under this paragraph—
(a) are to be made by statutory instrument;
(b) may include transitional, transitory and saving provision.
(4) A statutory instrument containing regulations under this paragraph may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/24/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-24/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.