# Finance Act 2026, Paragraph 47: Penalties under paragraphs 38 and 39: power to amend in light of inflation

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

The Treasury may by regulations amend paragraph 38 or 39 so as to substitute for an amount for the time being specified there another amount that takes account of inflation.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/17/paragraph/47 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-17/paragraph-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.