Regulation 7 Amendment of paragraphs 22 and 31 of Schedule 4

In each of—

(a)

paragraph 22(7) of Schedule 4^f1; and

(b)

paragraph 31(9) of Schedule 4^f2,

for “Section 98A of the Taxes Management Act 1970 (penalties for late, fraudulent or negligent returns)” substitute “Section 98A of the Taxes Management Act 1970^f3 (special penalties in the case of certain returns) and Schedule 24 to the Finance Act 2007 (penalties for errors) as that Schedule applies to income tax returns”.

Annotations

Footnotes

f1: A relevant amendment to paragraph 22 was made by regulation 8 of S.I. 2007/1056.
f2: Paragraph 31 was amended by regulation 33 of S.I.2004/770 and regulation 8 of S.I. 2007/1056.
f3: Section 98A was inserted by section 165(1) of the Finance Act 1989 (c. 26), and amended by paragraph 148 of Schedule 6 to ITEPA 2003 and paragraph 8 of Schedule 12 to the Finance Act 2004. Subsection (4) has been repealed by the relevant entry in Part 5 of Schedule 27 to the Finance Act 2007 (c. 11), and the scope of the section accordingly limited to late returns.