reg 53A Failure to transfer or surrender allowances where underreporting discovered after transfer
(1) A person is liable to a civil penalty where the person fails— (a) to effect a transfer (or to effect a transfer on time) of allowances, contrary to regulation 12A(3) (transfer of permits: underreporting discovered after transfer); (b) to surrender (or to surrender on time) allowances, contrary to regulation 12A(4). (2) The civil penalty is the sterling equivalent of 20 Euros for each allowance that the person failed to transfer or surrender.