1
Q
Question
A
Answer
2
Q
Failure to comply with disclosure requirement
A
up to £600 per day increasing to £5,000 per day where a disclosure notice has been issued but not complied with within 10 days
3
Q
Failure to provide information
A
initial penalty of £5000 then up to £600 per day
4
Q
User penalties
A
Scheme user fails to report an SRN starting from £100 per scheme to £1000 per scheme depending on the number of successive failures
5
Q
Mitigation
A
Penalties may be mitigated if there is a reasonable excuse
TMC
flashcards
Decks in class (6)
# Cards
