SCHEDULES
SCHEDULE 22Asset-based penalty for offshore inaccuracies and failures
PART 1Liability for penalty
Restriction on imposition of multiple asset-based penalties in relation to the same asset
F16A
Where—
a
a penalty has been imposed on a person under paragraph 1 of Schedule 18 to FA 2017, and
b
the potential loss of revenue threshold has been met,
only one asset-based penalty is payable by the person in relation to any given asset.