
1 
These Regulations may be cited as the Tax Avoidance Schemes (Penalty) (Amendment) Regulations 2010 and come into force on 1st January 2011.
2 
The Tax Avoidance Schemes (Penalty) Regulations 2007 are amended as follows.
3 
For regulation 3 substitute—“
3. 
For the purposes of section 98C(2A) of TMA 1970, the prescribed sum is £5,000.”
4 
For regulation 4 substitute—“
4. 
For the purposes of section 98C(2B) of TMA 1970, the prescribed sum is £5,000.”
Angela Watkinson
Jeremy Wright
Two of the Lords Commissioners of Her Majesty’s Treasury
15th November 2010