Value Added Tax Act 1994 Schedule 11A paragraph 13

Penalty assessments

Paragraph 13 of Schedule 11A grants the power to make regulations under the Schedule, allowing for flexibility in how those regulations apply across different situations and during transitional periods.

• Regulations made under this Schedule may contain different rules for different circumstances
• This allows HMRC to tailor penalty assessment provisions to suit varying situations rather than applying a single rigid approach
• The regulations may also include transitional provisions, covering the changeover period when new rules replace old ones
• Savings provisions may be included to preserve existing rights or arrangements that would otherwise be affected by new regulations