(1)Schedule 22 contains provision imposing asset-based penalties on certain taxpayers who have been charged a penalty for deliberate offshore inaccuracies and failures.
(2)That Schedule comes into force on such day as the Treasury may by regulations made by statutory instrument appoint.
(3)Regulations under subsection (2) may—
(a)commence a provision generally or only for specified purposes,
(b)appoint different days for different provisions or for different purposes, and
(c)make supplemental, incidental and transitional provision.