Finance Act 2016 (c. 24)

PART 10 U.K. Tax avoidance and evasion

Offshore activities U.K.

162 Penalties for enablers of offshore tax evasion or non-compliance U.K.

(1) Schedule 20 makes provision for penalties for persons who enable offshore tax evasion or non-compliance by other persons.

(2) Subsection (1) and that Schedule come into force on such day as the Treasury may appoint by regulations made by statutory instrument.

(3) Regulations under this section may—

(a) commence a provision generally or only for specified purposes,

(b) appoint different days for different purposes, and

(c) make supplemental, incidental and transitional provision in connection with the coming into force of any provision of the Schedule.

Commencement Information

I1 S. 162(2)(3) in force at Royal Assent, see. s. 162(2)

I2 S. 162(1) in force at 1.1.2017 by S.I. 2016/1249, reg. 2