# Finance Act 2000, Paragraph 57

Status: prospective

(1) Where a person who has become liable to give a notification by virtue of paragraph 55 ceases (whether before or after being registered for the purposes of the levy) to intend to make, or to intend to have made to him, taxable supplies in respect of which (if made) he would be the person liable to account for the levy charged, he shall notify the Commissioners of that fact.
(2) A person who fails to comply with sub-paragraph (1) shall be liable to a penalty of £250.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/6/paragraph/57 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-6/paragraph-57
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.