Section 111(4A)

A penalty imposed under section 110(1) or (1A) on any other person must not— in the case of a fixed amount, exceed 1% of the total value of the turnover (both in and outside the United Kingdom) of the enterprises owned or controlled by the person; in the case of an amount calculated by reference to a daily rate, for each day exceed 5% of the total value of the daily turnover (both in and outside the United Kingdom) of the enterprises owned or controlled by the person; in the case of a fixed amount and an amount calculated by reference to a daily rate, exceed such fixed amount and such amount per day.

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Source: legislation.gov.uk · retrieved 2026-09-04