Finance Act 2011 (c. 11)

SCHEDULES

Valid from 01/04/2012

SCHEDULE 23 U.K. Data-gathering powers

Part 4 U.K. Penalties

Increased daily default penalty U.K.

39 (1) If a data-holder becomes liable to a penalty under paragraph 38, HMRC must notify the data-holder. U.K.

(2) The notification must specify the day from which the increased penalty is to apply.

(3) That day and any subsequent day is an “applicable day” for the purposes of paragraph 38(3).