Legislation – Finance Act 2026

Finance Act 2026, Section 259 is up to date with all changes known to be in force on or before 16 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

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Pt. 15 excluded by S.I. 2026/331 reg. 19

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Pt. 15 excluded by S.I. 2026/331 reg. 19

Part 8Miscellaneous and final

Making tax digital

259Penalties: amendments consequential on section 258 etc

(1)

Schedule 24 to FA 2021 (penalties for failure to make returns etc) is amended as follows.

(2)

In paragraph 2 (returns), in the Table—

(a)

in the entry in item 1, in columns A and B—

(i)

in paragraph (1), for “return under section 8” substitute “return, accounts, statements or documents required under section 8”;

(ii)

omit paragraph (2);

(b)

in the entry in item 2, in columns A and B—

(i)

in paragraph (1), for “return under section 8A” substitute “return, accounts, statements or documents required under section 8A”;

(ii)

omit paragraph (2);

(c)

in the entries in item 1 and 2, in column B, omit paragraph (3);

(d)

in the entry in item 3, in column A—

(i)

in paragraph (1), for “return under section 12AA(2)(a) or (3)(a)” substitute “return, accounts, statements or documents required under section 12AA(2) or (3)”;

(ii)

omit paragraph (2).

(3)

In paragraph 2 (returns), omit sub-paragraphs (3) and (4).

(4)

In paragraph 5 (liability to penalty points)—

(a)

in sub-paragraph (2)—

(i)

in the opening words for “the following groups of returns” substitute “group 4A, 4B or 4C”;

(ii)

omit paragraphs (a) and (b);

(b)

omit sub-paragraph (4).

(5)

In paragraph 6 (award of penalty points), in sub-paragraph (3)(b), omit “(3) or”.

(6)

In paragraph 15, omit sub-paragraph (6).

(7)

In paragraph 17 (time limit for assessments), in sub-paragraph (1)(b), omit “(3) or”.

(8)

In Schedule 25 to FA 2021 (penalties for deliberately withholding information), in paragraph 1—

(a)

in the Table—

(i)

for “section 8(1AB)(b)” substitute “section 8(1)(b)”;

(ii)

for “section 8A(1AB)(b)” substitute “section 8A(1)(b)”;

(b)

omit sub-paragraphs (3) and (4).

(9)

The amendments made by subsections (2)(c), (3) and (8)(b) come into force on the day on which this Act is passed.

(10)

The other amendments made by this section come into force—

(a)

for the purposes for which the Schedule being amended is in force immediately before 1 April 2026, on 1 April 2026, and

(b)

for any other purposes, at the same time as the Schedule being amended comes into force for those purposes.