# Finance Act 1996, Paragraph 23

Extent: E+W+S+N.I.

(1) Where regulations made under this Part of this Act impose a requirement on any person, they may provide that if the person fails to comply with the requirement he shall be liable to a penalty of £250; but this is subject to sub-paragraphs (2) and (3) below.
(2) Where by reason of any conduct—
(a) a person is convicted of an offence (whether under this Part of this Act or otherwise), or
(b) a person is assessed to a penalty under paragraph 18 above or a penalty for a deliberate inaccuracy under Schedule 24 to the Finance Act 2007 (penalties for errors) or a penalty under Schedule 41 to the Finance Act 2008 (penalties: failure to notify and certain VAT and excise wrongdoing),
that conduct shall not also give rise to liability to a penalty under the regulations.
(3) Sub-paragraph (1) above does not apply to any failure mentioned in paragraph 22 above.

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Source: https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/23 (the official version)
Page: https://openlegislation.uk/finance-act-1996/schedule-5/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.