Part 2 Penalties
Finance (No 2) Act 2017 (2017 c 32) | Legislation

Part 2 Penalties

Penalty for failure to comply with duties under Part 1 (apart from paragraph 26)

39

(1)     A person who fails to comply with any of the provisions of Part 1 of this Schedule mentioned in sub-paragraph (2) is liable—

(a)     to a penalty not exceeding—

(i)     in the case of a failure to comply with paragraph 11(1), 12(1), 17(2), 18(2)[, 19 or 22C], £600 for each day during the initial period for which the failure continues (but see also paragraphs 40(4) and 41), and

(ii)     in any other case, £5,000, and

(b)     if the failure continues after a penalty is imposed under paragraph (a), to a further penalty or penalties not exceeding £600 for each day on which the failure continues after the day on which the penalty under paragraph (a) was imposed (but excluding any day for which a penalty under this paragraph has already been imposed).

(2)     Those provisions are—

(a)     paragraph 11(1) (duty of promoter in relation to notifiable proposal),

(b)     paragraph 12(1) (duty of promoter in relation to notifiable arrangements),

(c)     paragraph 17(2) (duty of person dealing with promoter outside United Kingdom),

(d)     paragraph 18(2) (duty of parties to notifiable arrangements

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