Statutory Instruments
2007 No. 3103
taxes
The Tax Avoidance Schemes (Information) (Amendment) (No. 2) Regulations 2007
Made
30th October 2007
Laid before the House of Commons
30th October 2007
Coming into force
20th November 2007
Citation and commencement
1. These Regulations may be cited as the Tax Avoidance Schemes (Information) (Amendment) (No 2) Regulations 2007 and shall come into force on 20th November 2007
Amendment of the Tax Avoidance Schemes (Information) Regulations 2004
2.The Tax Avoidance Schemes (Information) Regulations 2004( 3 ) are amended as follows.
3. After regulation 8A( 4 ) insert—
“ Higher rate of penalty following a failure to comply with an order under section 314A
8B. 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 ( 5 ) ) the prescribed period is 10 days beginning with the date on which the order is made. ” .
Steve Lamey
Dave Hartnett
Two of the Commissioners for Her Majesty’s Revenue and Customs
30th October 2007
The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c.11) . Section 50(1) of that Act provides that a reference to the Commissioners of Inland Revenue, however expressed, shall be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
The Taxes Management Act 1970 (c.9) . Section 98C was inserted by section 315(1) of the Finance Act 2004 (c.12) and subsequently amended by section 108(9) of the Finance Act 2007 (c.11) . Section 98C(2B) and (2C)(b) were inserted by section 108(9)(b) of that Act.
SI 2004/1864 as amended by SI 2004/2613 , 2005/1869 , 2006/1544 and 2007/2153 .
Regulation 8A was inserted into SI 2004/1864 by SI/2007/2153 .
i.e. section 314A of the Finance Act 2004, inserted by section 108(6) of the Finance Act 2007.