{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-26",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-26.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/17/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": "Power to change amount of penalty",
  "text": "(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 sum for the time being specified in any of the following provisions such other sum as appears to them to be justified by the change—\n(a) paragraph (a), (b) or (c) of paragraph 20(2) (amount of a first, second or further penalty under paragraph 20(1));\n(b) paragraph 20(4) (amount of penalty under paragraph 20(3)).\n(2) In sub-paragraph (1) “relevant date” means—\n(a) the date on which this Act is passed, and\n(b) each date on which the power conferred by sub-paragraph (1) has been exercised in relation to the amount in question.\n(3) Regulations under this paragraph do not apply to a failure that occurs in respect of a relevant return that is required to be made before the date on which the regulations come into force.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/17/paragraph/26",
    "retrieved_at": "2026-10-29T08:57:50.927298+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}