The Finance Act 2009, Sections 101 and 102 (Avoidance: Penalties) (Appointed Day) Order 2019

Document Number:2019 No. 921 (C. 24)
 
FREE EXCERPT

Statutory Instruments

Taxes And Duties

Social Security

Made

9 th May 2019

The Treasury, in exercise of the powers conferred by section 104(3) and (4) of the Finance Act 2009(1) , make the following Order:

Citation

  1. This Order may be cited as the Finance Act 2009 , Sections 101 and 102 (Avoidance: Penalties) (Appointed Day) Order 2019.

    Appointed Days

  2. 1 st June 2019 is appointed as the day on which sections 101(2) and 102 of the Finance Act 2009 come into force for the purposes of penalties under—

    (a) Part 2 of Schedule 17 to the Finance (No. 2) Act 2017(3) (penalties for failure to comply with the regime for disclosure of tax avoidance schemes in relation to VAT and other indirect taxes(4));

    (b) Schedule 35 to the Finance Act 2014(5) (penalties for failure to comply with the promoters of tax avoidance schemes regime(6));

    (c) Schedule 16 to the Finance (No. 2) Act 2017 (penalties for enablers of defeated tax avoidance schemes).

    Mike Freer

    Paul Maynard

    Two of the Lords Commissioners of Her Majesty’s Treasury

    9 th May 2019

    EXPLANATORY NOTE

    (This note is not part of the Order)

    This Order appoints 1 st June 2019 as the day on which the provisions about late payment and repayment interest set out in sections 101 and 102 (and Schedules 53 and 54) of the Finance Act 2009 (c. 10) come into force in relation to penalties under

    Part 2 of Schedule 17 to the Finance (No. 2) Act 2017 (c. 32) in connection with the regime for disclosure of tax avoidance schemes in relation to VAT and other indirect taxes in Part 1 of Schedule 17 of the Finance (No. 2) Act 2017;

    Schedule 35 to the Finance Act 2014 (c. 26) in connection with the promoters of tax avoidance schemes regime in Part 5 of the Finance Act 2014;

    Schedule 16 to the Finance (No. 2) Act 2017 for enablers of defeated tax avoidance schemes.

    Section 101 applies late payment interest to any sum due by virtue of an...

To continue reading

REQUEST YOUR TRIAL