SI 2019/1238 - The Finance Act 2009, Sections 101 and 102 (Penalties for Offshore Evasion or Non-Compliance) (Appointed Day) Order 2019

Released 06 September 2019

SI 2019/1238 commences FA 2009, Sch. 53 and 54 (late payment and repayment interest) in relation to specified penalties from 6 September 2019.

The Finance Act 2009, Sections 101 and 102 (Penalties for Offshore Evasion or Non-Compliance) (Appointed Day) Order 2019 appoints 6 September 2019 as the day on which the provisions about late payment interest and repayment interest set out in the Finance Act 2009, s. 101 and 102 and Sch. 53 and 54 come into force in relation to certain specified penalties under:

Finance Act 2015, Sch. 21 in connection with offshore asset moves;

Finance Act 2016, Sch. 20, Pt. 1 in connection with the enabling of offshore tax evasion or non-compliance;

Finance Act 2016, Sch. 22, Pt. 1 in connection with offshore inaccuracies and failures;

Finance (No 2) Act 2017, Sch. 18, Pt. 1 in connection with the requirement to correct certain offshore tax non-compliance;

but only in relation to a penalty in respect of which the late payment interest start date or the repayment interest start date falls on or after 6 September 2019. The order was made on 5 September 2019.

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