Taxes Consolidation Act, 1997 (Number 39 of 1997)
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1073Penalties for failure to furnish particulars required to be supplied by new companies.
[CTA76 s141(2)]
Where a company fails to deliver a statement which it is required to deliver under section 882—
(a) the company shall be liable to a penalty of £500 and, if the failure continues after judgment has been given by the court before which proceedings for the penalty have been commenced, to a further penalty of £50 for each day on which the failure so continues, and
(b) the secretary of the company shall be liable to a separate penalty of £100.
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1073 Penalties for failure to furnish particulars required to be supplied by new companies.
(1) Where a company fails to deliver a statement which it is required to deliver under section 882—
(a) the company shall be liable to a penalty of [2]>£500<[2][5]>[2]>€630<[2]<[5][5]>€4,000<[5] and, if the failure continues after judgement has been given by the court before which proceedings for the penalty have been commenced, to a further penalty of [3]>£50<[3][3]>€60<[3] for each day on which the failure so continues, and
(b) the secretary of the company shall be liable to a separate penalty of [4]>£100<[4][6]>[4]>€125<[4]<[6][6]>€3,000<[6].
(2) (a) Where at any time not earlier than 3 months after the time at which a statement is required to be delivered by a company in accordance with section 882, the company has failed to pay any penalty to which it is liable under subsection (1)(a) for failing to deliver the statement, the secretary of the company shall, in addition to any penalty to which the secretary is liable under subsection (1)(b), be liable to pay such amount of any penalty to which the company is so liable as is not paid by the company.
(b) Where in accordance with paragraph (a) the secretary of a company pays any amount of a penalty to which the company is liable, the secretary shall be entitled to recover a sum equal to that amount from the company.
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Substituted by FA99 s84(1)(b). This section shall apply as on and from the 1st day of March, 1999.
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Substituted by F(No.2)A08 sched5(part2)(1)(an)(i). The enactments specified in Schedule 5 are amended or repealed to the extent and manner specified in that Schedule and, unless the contrary is stated, shall come into effect after 24 December 2008.