The International Tax Compliance Regulations 2015

Daily default penaltyU.K.

This section has no associated Explanatory Memorandum

14.  If—

(a)a penalty under regulation 13 is assessed, and

(b)the failure in question continues after the person has been notified of the assessment,

the person is liable to a further penalty, for each subsequent day on which the failure continues, of an amount not exceeding £60 for each such day.