Value Added Tax Act 1994 section 27

Breaches of regulatory provisions

Section 27 of Schedule 9ZA extends the existing penalty regime for breaches of regulatory provisions (found in Section 69 of the Act) so that it also covers failures to comply with certain requirements set out in this Schedule.

• Penalties for breaching regulatory provisions under Section 69(1) are extended to cover failures to comply with requirements imposed under paragraphs 42, 52, 65(1) and 65(2)(a) of Schedule 9ZA.
• These failures are treated in the same way as failures to comply with existing requirements already listed in Section 69(1)(a).
• Section 69(2) is amended so that its scope also covers requirements imposed under paragraph 64 and paragraph 65(2)(b) of Schedule 9ZA.
• The overall effect is to ensure that the established penalty framework for regulatory non-compliance applies consistently to the new obligations introduced by this Schedule.