The penalties set out in this regulation apply where L is, or was, the landlord of a non-domestic PR property.
Where L has breached regulation 27 and, at the time the penalty notice is served has, or had, been in breach for less than three months, the penalties are—
provided that the financial penalty must not exceed £50,000, and
Where L has breached regulation 27 and, at the time the penalty notice is served has, or had, been in breach for three months or more, the penalties are—
provided that the financial penalty must not exceed £150,000, and
Where L has registered false or misleading information under regulation 36(2), or has failed to comply with a compliance notice in breach of regulation 37(4)(a), the penalties are—
In this regulation—
"local non-domestic rating list" means—in relation to England, a list maintained undersection 41of theLocal Government Finance Act 1988;in relation to Wales, a list compiled and maintained undersection 41ZA of theLocal Government Finance Act 1988;
"rateable value", in relation to a non-domestic PR property, means the rateable value shown for the property on a local non-domestic rating list at the time the penalty notice is served.