# Tax Collection and Management (Wales) Act 2016, Section 120B: Financial penalty where penalty points have been awarded


(1) If, having been awarded a penalty point, a VAP reaches the penalty threshold, the VAP is liable to a penalty of £100.
(2) The penalty threshold is—
(a) if the VAP makes annual returns, two penalty points, and
(b) if the VAP makes quarterly returns, four penalty points.
(3) A VAP that becomes liable to a penalty under subsection (1) remains liable to that penalty regardless of the subsequent expiry of any of the penalty points awarded to the VAP.

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Source: https://www.legislation.gov.uk/anaw/2016/6/section/120B (the official version)
Page: https://openlegislation.uk/tax-collection-and-management-wales-act-2016/section-120B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.