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What could happen if firms do not submit their returns on time?

firms returns submit time
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What could happen if firms do not submit their returns on time?

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Our aim is to help firms submit their returns accurately and on time. The GABRIEL system helps to do this by providing a schedule on what and when data needs to be submitted. GABRIEL will also generate a reminder email to firms that a forthcoming submission is due. However, if your firm fails to submit its return on time we can charge you an administrative fee of £250. You should also be aware that failure to submit a return may result in enforcement action and ultimately could result in the firm losing its permission to undertake regulated activities.

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Our aim is to help firms submit their returns accurately and on time. The GABRIEL system helps to do this by providing a schedule on what and when data needs to be submitted. However, if your firm fails to submit its return on time we can charge you an administrative fee of £250. You should also be aware that failure to submit a return may result in enforcement action and ultimately could result in the firm losing its permission to undertake regulated activities.

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