{
  "url": "https://openlegislation.uk/draft-economic-crime-anti-money-laundering-levy-amendment-regulations-2023/regulation-12",
  "json_url": "https://openlegislation.uk/draft-economic-crime-anti-money-laundering-levy-amendment-regulations-2023/regulation-12.json",
  "legislation": "ukdsi/2023/9780348245240",
  "legislation_title": "The Economic Crime (Anti-Money Laundering) Levy (Amendment) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/draft-economic-crime-anti-money-laundering-levy-amendment-regulations-2023",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Insertion of new Schedule",
  "text": "After the signature block, insert—\n“SCHEDULE\nTable of penalty amounts\nRegulation 21\nColumn 1\nColumn 2\nRegulation 20(1)(a)\n£250\nRegulation 20(1)(b)\n£250\nRegulation 20(1)(c)\nEither—\n(a) £250; or\n(b) the amount which is 5% of the difference between the amount of levy paid as a result of the failure to make a complete and correct economic crime (anti-money laundering) levy return and the amount which the appropriate collection authority considers due,\nat the discretion of the appropriate collection authority.\nRegulation 20(1)(d)\nEither—\n(a) £250; or\n(b) the amount which is 5% of the difference between the amount of levy paid as a result of the failure to notify of an under-assessment of the levy and the amount which the appropriate collection authority considers due,\nat the discretion of the appropriate collection authority\nRegulation 20(1)(e)\nEither—\n(a) £250; or\n(b) the amount which is 5% of the difference between the amount of levy paid as a result of the failure to notify of a repayment that ought not to have been repaid and the amount which the appropriate collection authority considers ought to have been repaid,\nat the discretion of the appropriate collection authority.\nRegulation 20(1)(f)\n£300\nRegulation 20(1)(g)\nSuch amount as may be determined by the appropriate collection authority at its discretion up to a maximum of £3,000.\nRegulation 20(1)(h)\nThe amount which is 5% of the amount of levy which the appropriate collection authority considers due.\nRegulation 20(1)(i)\n£250\nRegulation 20(1)(j)\nA maximum penalty of £60 for each day on which the failure continues, such total amount to be determined at the discretion of the appropriate collection authority.\nRegulation 20(1)(k)\nThe amount which is 5% of the amount of unpaid levy which the appropriate collection authority considers due.\n”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2023/9780348245240/regulation/12",
    "retrieved_at": "2026-10-30T14:43:43.546403+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}