Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 43

Omit sections 123 and 124

Schedule 23, paragraph 43 removes two provisions from the Tax Collection and Management (Wales) Act 2016: the suspension of penalties during deferred payment agreements and the rules on interaction of penalties.

• Section 123 of the 2016 Act, which suspended penalties for failure to pay tax while a deferred payment agreement was in force, is deleted.
• Section 124 of the 2016 Act, which dealt with how different penalties under the same chapter interacted with each other, is also deleted.
• These removals are part of the broader amendments made by the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 to the penalty regime.
• The deletion of these sections means that the rules they contained no longer apply for relevant Welsh devolved tax purposes.