101.This section inserts a new section 216K into the Revenue Scotland and Tax Powers Act 2014, creating a penalty in relation to the levy where a person fails to notify Revenue Scotland that the person (a) has ceased to be eligible to be treated as part of a group of corporate bodies, as is required under section 27(1) of this Act or (b) has ceased to have an established place of business in the United Kingdom, as is required under section 27(2) of this Act. The applicable penalty is a flat rate penalty of £500.
Commentary on Provisions Part 5 – Penalties Section 41: Failure to notify cessation of eligibility for group treatment or of having place of business in UK