The United Kingdom Internal Market Act 2020 (Maximum Penalty) Regulations 2021

• Citation: S.I. 2021/1056
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the United Kingdom Internal Market Act 2020 (Maximum Penalty) Regulations 2021 and come into force on 12th October 2021.

(2) In these Regulations, references to sections are references to sections of the United Kingdom Internal Market Act 2020.

Section 2 Maximum penalties

The maximum penalties for the purposes of section 43(4) are—

(a) in the case of a fixed amount, £30,000;

(b) in the case of an amount calculated by reference to a daily rate, an amount per day of £15,000;

(c) in the case of a fixed amount and an amount calculated by reference to a daily rate, a fixed amount of £30,000 and an amount per day of £15,000.

Section 3 Maximum penalties

The maximum penalty for the purpose of section 43(5) is a fixed amount of £30,000.