# Finance Act 2026, Paragraph 38: Penalties payable in connection with this Schedule

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

(1) A person (P) is liable to a penalty if P fails to comply with a requirement to make a notification under—
(a) paragraph 4 (changed or incorrect registration information);
(b) paragraph 17 (death or incapacity).
(2) The penalty is—
(a) a fixed penalty of £500, and
(b) a daily penalty of £40 for each day on which P continues to fail to make the required notification after the last day on which P was permitted to do so.

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/17/paragraph/38 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-17/paragraph-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.