Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 46

Amendment to assessment of penalties provisions

Section 46 of Schedule 23 amends section 127 of the Tax Collection and Management (Wales) Act 2016 to ensure that the time limits and procedural rules for assessing penalties also apply to the new penalty provisions introduced by section 122A.

• Section 127 of the 2016 Act governs how and when WRA may assess penalties for failures to make returns or pay tax.
• The amendment updates two subsections of section 127 — subsections (5) and (6) — so that references to section 122 now also include section 122A.
• This ensures that the same assessment rules and time limits that apply to existing penalties under section 122 extend to the new penalties under section 122A.
• The change is consequential, maintaining consistency within the penalty framework following the introduction of the new section 122A provisions.