SCHEDULES
C1C3C2SCHEDULE 55Penalty for failure to make returns etc
Sch. 55 applied by S.R. 2009/128, reg. 35 (as substituted (6.4.2011) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2011 (S.R. 2011/137), regs. 1(1), 8(a) (with reg. 12))
Sch. 55 applied by S.I. 2009/470, reg. 40(1)(2) (as substituted (6.4.2011) by The Education (Student Loans) (Repayment) (Amendment) Regulations 2011 (S.I. 2011/784), regs. 1(1), 9 (with reg. 12(2)))
Amount of penalty: CIS returns
I1C3C212
1
P is liable to a penalty under this paragraph if (and only if)—
a
P's failure continues after the end of the period of 12 months beginning with the penalty date, and
b
the information required in the return relates only to persons registered for gross payment (within the meaning of Chapter 3 of Part 3 of FA 2004).
2
Where, by failing to make the return, P withholds information which relates to such persons, the penalty under this paragraph is—
a
if the withholding of the information is deliberate and concealed, £3,000, and
b
if the withholding of the information is deliberate but not concealed, £1,500.
Sch. 55 modified (8.4.2010) by Finance Act 2010 (c. 13), Sch. 1 para. 38