5(1)This paragraph applies if the third party fails to comply with the notice.U.K.
(2)The third party is liable to a penalty of £300.
(3)Paragraphs 44 to 49 and 52 of Schedule 36 to FA 2008 (assessment and enforcement of penalties etc) apply in relation to a penalty under this paragraph as they apply in relation to a penalty under paragraph 39(1)(a) of that Schedule (and references in those provisions to an information notice include a notice under this Schedule).