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