Regulation 3 Increased penalty following the making of an order under section 306A of FA 2004
Where a penalty is imposed under section 98C(1) of TMA 1970 following the making of an order under section 306A of FA 2004f1, the amount specified in section 98C(1)(b) of TMA 1970 (daily penalty) is increased to £5,000.
Annotations
Footnotes
- f1
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2004 c.12; section 306A was inserted by section 108(2) of the Finance Act 2007.