The International Tax Compliance Regulations 2015

Daily default penaltyU.K.

This adran has no associated Memorandwm Esboniadol

14.  [F1Subject to regulation 21] if—

(a)a penalty under regulation 13 is assessed, and

(b)the failure in question continues after [F2the person liable to the penalty has been notified] of the assessment,

[F3that person is liable] to a further penalty, for each subsequent day on which the failure continues, of an amount not exceeding £60 for each such day.

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