Regulation 8 Penalty for failing to provide informationI1
United Kingdom
(1)
An operator of a CoACS that fails to comply with regulation 4, 5 or 6 is liable to a penalty of F1£100 for each offence.
(2)
But, in respect of offences connected with any accounting period, the total amount of any penalties imposed on a person under paragraph (1) will not exceed F2£1000.
Annotations
Textual amendments
- F1
Words in reg. 8(1) substituted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 62(e)(i) (with reg. 63)
- F2
Sum in reg. 8(2) substituted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 62(e)(ii) (with reg. 63)
Commencement
- I1
Reg. 8 in force at 27.12.2017, see reg. 1(1)