{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-20",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-17/paragraph-20.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/17/paragraph/20",
  "kind": "paragraph",
  "number": "20",
  "heading": "Penalty for non-compliance with paragraph 8",
  "text": "(1) A company or partnership that is required by paragraph 8(2)(a) to give a notification to HMRC is liable to a penalty if it fails to give the notification in accordance with that paragraph.\n(2) The amount of the penalty under sub-paragraph (1) is—\n(a) for a first failure in respect of a relevant tax, £5,000;\n(b) for a second failure in respect of a relevant tax, £25,000;\n(c) for a further failure in respect of a relevant tax, £50,000.\n(3) A company or partnership that is required by paragraph 8(2)(b) to give a notification to HMRC is liable to a penalty if it fails to give the notification in accordance with that paragraph.\n(4) The amount of the penalty under sub-paragraph (3) is £5,000.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/17/paragraph/20",
    "retrieved_at": "2026-10-29T08:57:50.927298+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}