Finance Act, 1989

Amendment of section 63 (penalties) of Principal Act.

77.—Section 63 of the Principal Act is hereby amended—

(a) by the substitution for subsection (1) of the following subsection:

“(1) (a) Any person who contravenes or fails to comply with any requirement or provision under section 36 shall be liable to a penalty of £2,000.

(b) Where the contravention or failure referred to in paragraph (a) continues after judgment has been given by the court before which proceedings for the penalty have been commenced, the person concerned shall be liable to a further penalty of £25 for each day on which the contravention or failure so continues.”,

(b) by the substitution for “£500” of “£1,000” in subsection (2),

(c) by the substitution for “£1,000” of “£5,000” in subsection (3), and

(d) by the substitution for “£250” of “£1,000” in subsection (7).