# The Tax Avoidance Schemes (Information) Regulations 2012, Regulation 16: Higher rate of penalty following a failure to comply with an order under section 306A or 314A

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

(1) For the purposes of section 98C(2A) of the Taxes Management Act 1970 (higher rate of penalty after the making of an order under section 306A) the prescribed period is the period of 10 days beginning on the date on which the order is made.
(2) For the purposes of section 98C(2B) of the Taxes Management Act 1970 (higher rate of penalty after the making of an order under section 314A) the prescribed period is the period of 10 days beginning on the date on which the order is made.

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Source: https://www.legislation.gov.uk/uksi/2012/1836/regulation/16 (the official version)
Page: https://openlegislation.uk/tax-avoidance-schemes-information-regulations-2012/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.