Statutory Instruments
2021 No. 1056
Exiting The European Union
The United Kingdom Internal Market Act 2020 (Maximum Penalty) Regulations 2021
Made
10th September 2021
Laid before Parliament
17th September 2021
Coming into force
12th October 2021
The Secretary of State has consulted with the persons listed in section 43(8) of the United Kingdom Internal Market Act 2020( 1 ).
Accordingly, the Secretary of State, in exercise of the powers conferred by section 43(4) and (5) of that Act, makes the following Regulations.
Citation, commencement and interpretation
1. —(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.
Maximum penalties
2. 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.
3. The maximum penalty for the purpose of section 43(5) is a fixed amount of £30,000.
Paul Scully
Parliamentary Under Secretary of State
Department for Business, Energy and Industrial Strategy
10th September 2021