# Finance Act 2026, Section 132: Offences: penalties

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

(1) A person who commits an offence under sections 129 to 131 is liable on summary conviction—
(a) in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court, or a fine, or both;
(b) in Scotland, to imprisonment for a term not exceeding 12 months, or a fine not exceeding the statutory maximum, or both;
(c) in Northern Ireland, to imprisonment for a term not exceeding six months, or a fine not exceeding the statutory maximum, or both.
(2) A person who commits an offence under sections 129 to 131 is liable, on conviction on indictment, to imprisonment for a term not exceeding 2 years, or a fine, or both.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/section/132 (the official version)
Page: https://openlegislation.uk/finance-act-2026/section-132
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.