Paragraph 1
The maximum amount of variable monetary penalty which may be imposed in any case is as follows—
| Breach | Maximum amount |
|---|---|
| Fails to comply with the requirement to charge in accordance with article 3 | £5,000 |
| Fails to keep records in accordance with paragraph 1 of Schedule 3 | £5,000 |
| Fails to supply records in accordance with paragraph 2 of Schedule 3 | £5,000 |
| Gives false or misleading information to, or otherwise obstructs or fails to assist, an administrator | £20,000 |