Tax Collection and Management (Wales) Act 2016 section 156

Power to make regulations about penalties

Section 156 gives the Welsh Ministers the power to make regulations about penalty amounts and penalty assessment procedures, subject to certain restrictions on retrospective application.

• The Welsh Ministers may make regulations setting out or amending the amounts of penalties and the procedures for assessing them under this part of the Act.
• These regulations have broad scope and may modify any existing legislation, including the Act itself.
• The regulations cannot be applied retrospectively to any failure that began before the date on which the regulations come into force.
• Similarly, the regulations cannot apply to any inaccuracy in information or documents that were provided to the Welsh Revenue Authority before the regulations took effect.