Section 43 Failure to provide securityI1

The Revenue Scotland and Tax Powers Act 2014 is modified as follows.

After section 216L (as inserted by section 42(2)) insert—

“Penalty for failure to provide security: Scottish building safety levy

216M

(1)

This section applies to a person who fails to comply with a requirement by Revenue Scotland under section 33 or section 34 of the BSL(S) Act 2026 to provide security for the payment of the Scottish building safety levy.

(2)

The person is liable to a penalty of £20,000.”.