Help & Advice
Penalties
Defaults within 12 months | Surcharge if annual turnover is less than £150,000 | Surcharge if annual turnover is £150,000 or more |
2nd | No surcharge | 2% (no surcharge if this is less than £400) |
3rd | 2% (no surcharge if this is less than £400) | 5% (no surcharge if this is less than £400) |
4th | 5% (no surcharge if this is less than £400) | 10% or £30 (whichever is more) |
5th | 10% or £30 (whichever is more) | 15% or £30 (whichever is more) |
6 or more | 15% or £30 (whichever is more) | 15% or £30 (whichever is more) |