# Finance Act 2017, Paragraph 2


(1) A person who fails to comply with a requirement imposed under section 53(2)(a) is liable to a penalty.
(2) The amount of the penalty is equal to £200 multiplied by the number of days on which the failure continues (up to a maximum of 30 days).
(3) A person who fails to comply with a requirement imposed under section 53(3)(b) is liable to a penalty of £500.
(4) If by reason of conduct falling within sub-paragraph (1) or (3) a person is assessed to a penalty for a deliberate inaccuracy under Schedule 24 to FA 2007, that conduct does not also give rise to a penalty under this paragraph.

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Source: https://www.legislation.gov.uk/ukpga/2017/10/schedule/9/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2017/schedule-9/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.