66.—(1) A person is liable to a civil penalty where the person fails to comply (or to comply on time) with the requirements of a notice (the “information notice”) given under article 75.
(2) The civil penalty is—
(a)£5,000; and
(b)a daily penalty at a daily rate of £500 for each day that the person fails to comply with the requirements of the information notice, beginning with the day on which the initial notice is given, up to a maximum of £45,000.
Commencement Information
I1Art. 66 in force at 12.11.2020, see art. 2(1)