Fee for default imposes a daily penalty for failure to furnish prescribed research or charitable statements and certificates, payable before submission. Insertion establishes a fee for default where research associations, universities, colleges, specified companies, institutions or funds fail to deliver ... Summary
Fee for default imposes a daily penalty for failure to furnish prescribed research or charitable statements and certificates, payable before submission.
Insertion establishes a fee for default where research associations, universities, colleges, specified companies, institutions or funds fail to deliver prescribed statements or furnish prescribed certificates; the fee is a daily amount while the failure continues, capped at the amount in respect of which the failure occurred, and must be paid before delivering the statement or furnishing the certificate.
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