Finance Act 2003
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Administrative penalties for breach of provisions or regulations. |
99.—Chapter 3 of Part 2 of the Finance Act 2001 is amended by inserting the following section after section 124: | |
“124A.—(1) A person who contravenes or fails to comply with— | ||
(a) any condition imposed under section 109(5), or | ||
(b) any condition referred to in section 153(2)(c) and which is contained in a regulation under that section, | ||
is liable to a penalty of €1,500 for each such contravention or failure. | ||
(2) Any penalty payable under this section is deemed to be a debt due to the Minister for Finance for the benefit of the Central Fund and shall be payable to the Commissioners and may (without prejudice to any other mode of recovery of such penalty) be sued for and recovered by action, or other appropriate proceedings, at the suit of the Commissioners by an officer authorised by them for the purposes of this subsection in any court of competent jurisdiction.”. |