Schedule Table of penalty amountsF1
| Column 1 | Column 2 |
|---|---|
| Regulation 20(1)(a) | £250 |
| Regulation 20(1)(b) | £250 |
| Regulation 20(1)(c) | Either— (a) £250; or (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, at the discretion of the appropriate collection authority. |
| Regulation 20(1)(d) | Either— (a) £250; or (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, at the discretion of the appropriate collection authority |
| Regulation 20(1)(e) | Either— (a) £250; or (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, at the discretion of the appropriate collection authority. |
| Regulation 20(1)(f) | £300 |
| Regulation 20(1)(g) | Such amount as may be determined by the appropriate collection authority at its discretion up to a maximum of £3,000. |
| Regulation 20(1)(h) | The amount which is 5% of the amount of levy which the appropriate collection authority considers due. |
| Regulation 20(1)(i) | £250 |
| Regulation 20(1)(j) | A 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. |
| Regulation 20(1)(k) | The amount which is 5% of the amount of unpaid levy which the appropriate collection authority considers due. |
Annotations
Textual amendments
- F1
Sch. inserted (with effect in relation to the financial year beginning with April 2022 and subsequent financial years) by The Economic Crime (Anti-Money Laundering) Levy (Amendment) Regulations 2023 (S.I. 2023/369), regs. 1(2), 12