Paragraph 15

(1)

In section 212 (aggregate penalties), references to a “relevant penalty provision” include—

(a)

any provision mentioned in subsection (4) of that section, as applied in relation to relevant contributions by regulations (whenever made);

(b)

section 98A of TMA 1970, as applied in relation to relevant contributions by regulations (whenever made);

(c)

any provision specified in regulations made by the Treasury under which a penalty can be imposed in respect of relevant contributions.

(2)

The Treasury may by regulations disapply, or modify the effect of, sub-paragraph (1)(a) or (b).

(3)

The Treasury may by regulations modify section 212 as it has effect in relation to a relevant penalty provision by virtue of sub-paragraph (1)(b) or (c).

(4)

Section 175(3) to (5) of SSCBA 1992 (various supplementary powers) applies to a power to make regulations conferred by this paragraph.

(5)

Regulations under this paragraph must be made by statutory instrument.

(6)

A statutory instrument containing regulations under this paragraph is subject to annulment in pursuance of a resolution of either House of Parliament.