Section 97 | Penalties for errors

(1)Schedule 24 contains provisions imposing penalties on taxpayers who—

(a)make errors in certain documents sent to HMRC, or

(b)unreasonably fail to report errors in assessments by HMRC.

(2)That Schedule comes into force in accordance with provision made by the Treasury by order.

(3)An order—

(a)may commence a provision generally or only for specified purposes,

(b)may make different provision for different purposes, and

(c)may include incidental, consequential or transitional provision.

(4)The power to make an order is exercisable by statutory instrument.