Commentary on Provisions Part 1 – Scottish Aggregates Tax Chapter 5 – Penalties Section 48: Failure to provide security
119.This section inserts a new section 216F into the 2014 Act, creating a new penalty for a failure to provide security for payment of Scottish aggregates tax when required to do so by Revenue Scotland under section 36 or 37 of the Act. This would be a flat rate penalty of £20,000.