Section 163 | Penalties in connection with offshore matters and offshore transfers

(1)Schedule 21 contains provisions amending—

(a)Schedule 24 to FA 2007 (penalties for errors in tax returns etc),

(b)Schedule 41 to FA 2008 (penalties for failure to notify etc), and

(c)Schedule 55 to FA 2009 (penalties for failure to make return etc).

(2)That Schedule comes into force on such day as the Treasury may by regulations made by statutory instrument appoint.

(3)Regulations under this section may—

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

(b)appoint different days for different provisions or for different purposes, and

(c)make supplemental, incidental and transitional provision.