PART 4PENALTIES
Escalating penalties6.
(1)
For the purposes of section 77B(5)(a) of the Act (escalating penalty notices), the daily rate of the penalty is—
(a)
in the case of a penalty notice issued to an individual, £200;
(b)
in the case of a penalty notice issued to a person other than an individual, the amount shown in the second column of the table in paragraph (2) in relation to the day in the first column of that table.
(2)
The table is—
Day | Daily rate |
|---|---|
1 | £500 |
2 | £1,000 |
3 | £1,500 |
4 | £2,000 |
5 | £2,500 |
6 | £3,000 |
7 | £3,500 |
8 | £4,000 |
9 | £4,500 |
10 | £5,000 |
11 | £5,500 |
12 | £6,000 |
13 | £6,500 |
14 | £7,000 |
15 | £7,500 |
16 | £8,000 |
17 | £8,500 |
18 | £9,000 |
19 | £9,500 |
20 | £10,000 |
Each subsequent day | £10,000 |
where Day 1 is the day specified in the escalating penalty notice, in accordance with section 77B(6)(d) of the Act, as being the date from which the penalty is payable, and subsequent days are numbered accordingly.