Paragraph 36 Penalties payable in connection with this Schedule
United Kingdom
(1)
In the table in paragraph 1 of Schedule 24 to FA 2007 (penalties for errors), after the entry relating to climate change levy, insert—
“
Carbon border adjustment mechanism Return under paragraph 7 of Schedule 17 to FA 2026. ”
(2)
No inaccuracy in a return under paragraph 7 of this Schedule “involves an offshore matter” for the purposes of Schedule 24 to FA 2007 (see paragraph 4A of that Schedule).
(3)
Paragraph 13(1) of Schedule 24 to FA 2007 (penalties for errors) has effect in its application to CBAM as if for “shall” there were substituted “may”.