CH29880 | Data gathering: Penalties: Other penalty issues: Power to change amount of penalties

The Treasury has the power to change the amount of the

• initial fixed penalty

• daily default penalties

• increased daily default penalty, and

• penalty for inaccurate information or documents.

Any changes to these amounts will be made by Regulations.

If the amount of the penalties is changed by Treasury, the new amount of penalty does not apply to

• a failure which began before the date on which the amended penalties came into force, or

• an inaccuracy in any data or document provided to us before that date.

FA11/SCH23/PARA41