Section 60B — Finance Act 2014: Failure to comply with regulations under section 60A

Failure to comply with regulations under section 60A 60B 1 This section applies if a person fails to comply with—

a any provision made by or under regulations under section 60A; or b any condition or restriction imposed under such regulations.

2 The person's failure to comply shall attract a penalty under section 9 of the Finance Act 1994 (civil penalties) (but see subsection (4)).

3 Any goods in respect of which the person fails to comply with the provision, condition or restriction are liable to forfeiture.

4 Subsection (2) does not apply if, as a result of the failure, the person is liable to pay a penalty under Schedule 55 to the Finance Act 2009 (penalty for failure to make returns etc) or Schedule 56 to that Act (penalty for failure to make payments on time).