# Finance Act 2026, Paragraph 37: Penalties payable in connection with this Schedule

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

In Schedule 26 to FA 2021 (penalties for failure to pay tax), in paragraph 1(1), after the table relating to value added tax insert—
“
Carbon border adjustment mechanism
1
Amount of CBAM payable under paragraph 6 of Schedule 17 to FA 2026 (except an amount within item 2, 3 or 4)
The date determined by paragraph 6 of Schedule 17 to FA 2026 as the date by which the amount must be paid
2
Amount of CBAM shown in an assessment made by HMRC in default of a return (see paragraph 3)
The date by which the amount would have been required to be paid if it had been shown in the return in question
3
Amount of CBAM shown in an amendment of a return
The date falling 30 days after the date on which the amendment is made
4
Amount of CBAM shown in an assessment made by HMRC otherwise than in default of a return (see paragraph 3)
The date falling 30 days after the date on which the assessment is made
”.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/17/paragraph/37 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-17/paragraph-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.