# Finance Act 2011, Paragraph 30


(1) If the data-holder fails to comply with a data-holder notice, the data-holder is liable to a penalty of £300.
(2) A reference in this Schedule to failing to comply with a data-holder notice includes—
(a) concealing, destroying or otherwise disposing of a material document, or
(b) arranging for any such concealment, destruction or disposal.
(3) A document is a material document if, at the time when the data-holder acts—
(a) the data-holder has received a data-holder notice requiring the data-holder to provide the document or data contained in the document, or
(b) the data-holder has not received such a notice but has been informed by an officer of Revenue and Customs that the data-holder will do so or is likely to do so.
(4) A document is not a material document by virtue of sub-paragraph (3)(a) if the data-holder notice has already been complied with, unless—
(a) the data-holder has been notified in writing by an officer of Revenue and Customs that the data-holder must continue to preserve the document, and
(b) the notification has not been withdrawn.
(5) A document is not a material document by virtue of sub-paragraph (3)(b) if more than 6 months have elapsed since the data-holder was (or was last) informed.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/23/paragraph/30 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-23/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.