Regulation 11 Penalties for late reportsI1
United Kingdom
If a reporting platform operator fails to make a report required under regulation 4(1) (reporting of information) on or before the date specified in that paragraph, the reporting platform operator is liable—
(a)
to a penalty not exceeding £5,000, and
(b)
if the failure continues after notice of an assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £600 for each subsequent day on which the failure continues.