SCHEDULES
SCHEDULE 34Information powers: miscellaneous amendments
Increased daily default penalty
5
1
Paragraph 49A (increased daily penalty) is amended as follows.
2
In sub-paragraph (1)(c), for “imposed” substitute “
assessable
”
.
3
In sub-paragraph (2), for “imposed” substitute “
assessable
”
.
4
For sub-paragraphs (3) and (4) substitute—
3
If the tribunal decides that an increased daily penalty should be assessable—
a
the tribunal must determine the day from which the increased daily penalty is to apply and the maximum amount of that penalty (“the new maximum amount”), and
b
from that day, paragraph 40(2) has effect in the person's case as if the new maximum amount were substituted for the amount for the time being specified there.
4
The new maximum amount may not be more than £1,000.
5
In sub-paragraph (5), in the opening words, for “the amount” substitute “
the new maximum amount
”
.
6
In sub-paragraph (6), at the end insert “
but as if the reference in paragraph 41(2)(a) to this Act were to FA 2021
”
.