NEW PENALTY REGIME

January 20 2004. From January 1 2004, the Valuation Office intends using powers created by the Local Government Act 2003 to levy fixed penalty fines on companies, businesses, individuals and their agents who fail to return forms providing information needed to fix business rates. Failure to return forms within 56 days will result in fixed penalty fines of £100, with another £100 being added after a further 21 days. Failure to comply after the initial 77 days will lead to a charge of £20 per day being added to the fine thereafter.

More information from http://www.hmso.gov.uk/acts/acts2003/20030026.htm