Finance Act, 2001

• Permanent Page URL

Amendment of section 34 (amendments relative to penalties) of Finance Act, 1963.

177.—(1) Section 34 of the Finance Act, 1963 , is amended—

(a) in subsection (4)—

(i) by the substitution in paragraph (c)(i) of “£1,500” for “£1,000” (inserted by the Finance Act, 1983 ),

(ii) by the substitution in paragraph (d)(ii) of “£1,500” for “£1,000” (as so inserted),

and

(b) by the substitution in subsection (5) of “£1,500” for “£1,000” (as so inserted).

(2) With effect on and from 1 January 2002, section 34 of the Finance Act, 1963 , is amended—

(a) in subsection (4)—

(i) by the substitution in paragraph (c)(i) of “€1,900” for “£1,500” (inserted by subsection (1)),

(ii) by the substitution in paragraph (d)(ii) of “€1,900” for “£1,500” (as so inserted),

and

(b) by the substitution in subsection (5) of “€1,900” for “£1,500” (as so inserted).