Penalties
The Special Commissioners have the power under Regulation 24(1)
to impose a penalty for failure to comply with a Regulation 10
notice.
Any penalty for a failure to comply with a Special
Commissioners Notice is imposed by a summary determination. The
maximum penalty is £10,000.
The Special Commissioners can only award a penalty for
failure to comply with a notice only after a hearing. A meeting for
this purpose is normally called by the Special Commissioners who
will notify both the taxpayer and the HMRC that the award of a
penalty will be considered.
There is, however, no objection to you drawing the attention
of the Special Commissioners to the provisions of Regulation 24, if
you consider such a course advisable.
