CH26710 - Information & Inspection Powers: Penalties: What is the penalty: Failure, obstruction, concealment etc: Amount of increased daily penalty
The maximum amount of increased daily penalty that the tribunal can approve for failing to comply with an identity unknown notice, is £1,000 per day.
When the tribunal decides on the amount of the increased daily penalty, it must consider
- the likely cost to the person of complying with the notice,
- any benefits to the person of not complying with it, and
- any benefits to anyone else resulting from the person’s non-compliance.