SCHEDULES
SCHEDULE 46Duties of senior accounting officers of qualifying companies
Penalty for failure to comply with main duty
4
1
This paragraph applies if a senior accounting officer fails to comply with paragraph 1 at any time in a financial year.
2
The senior accounting officer is liable to a penalty of £5,000.
3
A person is not liable to more than one penalty under this paragraph in respect of the same company and the same financial year.