Finance Act 2014, Paragraph 3 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
3(1)If the failure to comply with an information duty [F1, other than a duty arising under section 236C(1),] continues after a penalty is imposed under paragraph 2(1), the person is liable to a further penalty or penalties not exceeding the relevant sum for each day on which the failure continues after the day on which the penalty under paragraph 2(1) was imposed.U.K.
(2)In sub-paragraph (1) “the relevant sum” means—
(a)£10,000, in a case where the maximum penalty which could have been imposed for the failure was £1,000,000;
(b)£600, in cases not falling within paragraph (a).
Textual Amendments
F1Words in Sch. 35 para. 3(1) inserted (with effect in accordance with s. 121(6) of the amending Act) by Finance Act 2021 (c. 26), Sch. 30 para. 8(4)
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