MLR1PP8500 - Penalties guidance: MSBs/HVDs: the additional penalty: introduction

For MSBs/HVDs the third step when calculating the additional penalty is to look at the culpable turnover for the relevant period.

The penalty framework places the onus on the business to provide us with the details we need to calculate the penalty. If a business fails to co-operate and agreement can not be reached about the details we need to calculate a penalty, we will either:

• make a determination of these details. A determination is an estimate based on all the details that we have or
• suspend the penalty framework and charge what we believe is an appropriate penalty based on all the relevant facts - See MLR1PP7150 (This content has been withheld because of exemptions in the Freedom of Information Act 2000) MLR1PP7160(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)