42.This section makes transitional provision in relation to modifications of the 2024 Act that are to be made by sections 4 and 5, and Part 3 of the schedule, of the 2026 Act.
43.This transitional provision applies if a person liable to pay the levy under a VL scheme fails to comply with the requirements of section 26 (duty to make returns), section 28 (duty to keep and preserve records) or section 29 (payment of levy) in respect of a relevant chargeable transaction, and the local authority considers that the failure may be attributed to any such modification of the 2024 Act. In this context, “relevant chargeable transaction” means a chargeable transaction that is entered into by the liable person before the day on which the provisions mentioned in section 16(2) of the 2026 Act come into force.
44.In these circumstances, the liable person is to be treated (for the purposes of sections 51(1), 55(1) and 53(1) of the 2024 Act) as satisfying the local authority that there is a reasonable excuse for the failure to comply with section 26, 28 or 29 of the 2024 Act (as the case may be).
The Act Transitional provisions: chargeable transactions and returns Section 9 - Amendments of the 2024 Act and reasonable excuse for failure to make return, pay levy or keep records