12(1)P is liable to a penalty under this paragraph if (and only if)—U.K.
(a)P's failure continues after the end of the period of 12 months beginning with the penalty date, and
(b)the information required in the return relates only to persons registered for gross payment (within the meaning of Chapter 3 of Part 3 of FA 2004).
(2)Where, by failing to make the return, P [F1deliberately] withholds information which relates to such persons, the penalty under this paragraph is—
(a)if the withholding of the information is deliberate and concealed, £3,000, and
(b)if the withholding of the information is deliberate but not concealed, £1,500.
Textual Amendments
F1Word in Sch. 55 para. 12(2) inserted (6.10.2011 for specified purposes, 12.2.2019 for specified purposes) by Finance (No. 3) Act 2010 (c. 33), s. 26(2), Sch. 10 para. 6(2); S.I. 2011/2391, art. 2(a) (with art. 3); 2019 c. 1, s. 67(2)
Commencement Information
I1Sch. 55 para. 12 in force at 1.4.2011 for specified purposes and 6.4.2011 for specified purposes by S.I. 2011/702, art. 2 (with art. 1(2))
I2Sch. 55 para. 12 in force at 6.10.2011 in so far as not already in force by S.I. 2011/2391, art. 2(b) (with art. 3(1)(2))
I3Sch. 55 para. 12 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 2
I4Sch. 55 para. 12 in force at 6.4.2018 for specified purposes by S.I. 2018/468, art. 2(b)
I5Sch. 55 para. 12 in force at 12.2.2019 for specified purposes by 2019 c. 1, Sch. 2 para. 29(3)
I6Sch. 55 para. 12 in force at 1.4.2022 for specified purposes by S.I. 2021/1409, reg. 2(b)