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Legislation
Finance Act 2014

Crossheading Security and enforcement

  • Section 170 Security for payment
  • Section 171 Appointment of UK representative
  • Section 172 Security and representatives: review and appeal
  • Section 173 Offence of failing to provide security or appoint representative
  • Section 174 Fraudulent evasion
  • Section 175 Penalties under section 9 of FA 1994
  • Section 176 Interest
  • Section 177 Suspension and revocation of remote operating licences
  1. Security and enforcement
  2. Offence of failing to provide security or appoint representative

Section 173 | Offence of failing to provide security or appoint representative

From legislation.gov.uk

(1)A person who is, or is required to be, registered under section 164 is guilty of an offence if the person—

(a)is required to give security or further security by a notice under section 170 and does not comply with that requirement, or

(b)is required to appoint a representative by a notice under section 171 and does not comply with that requirement.

(2)A person guilty of an offence under this section is liable, on summary conviction, to—

(a)in England and Wales, a fine, or

(b)in Scotland or Northern Ireland, a fine not exceeding level 5 on the standard scale.

(3)The reference in subsection (2)(a) to a fine is to be read as a reference to a fine not exceeding level 5 on the standard scale in relation to an offence committed before section 85(1) of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 comes into force.

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