SCHEDULES
SCHEDULE 35Promoters of tax avoidance schemes: penalties
Daily default penalties for failure to comply
3
1
If the failure to comply with an information duty 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.
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).