Landfill Disposals Tax (Wales) Act 2017 Schedule 4 para 14

Amendment to section 127 — assessment of penalties

Schedule 4 paragraph 14 amends section 127 of the Tax Collection and Management (Wales) Act 2016, which deals with the assessment of penalties, to ensure that the new penalty provision introduced by section 122ZA is properly incorporated into the existing penalty assessment rules.

• Section 127 of the Tax Collection and Management (Wales) Act 2016 sets out how WRA assesses penalties for failures to make returns or pay tax.
• This paragraph updates subsections (5) and (6) of section 127 so that they also apply to the new penalty provision in section 122ZA.
• Subsection (5), which deals with time limits for penalty assessments, now covers penalties under section 122ZA as well as the existing section 122.
• Subsection (6), which also relates to the assessment framework for penalties, is similarly extended to include section 122ZA.