Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

In addition to interest charged at 8% if a chargeable person pays VHT late and a late filing surcharge of either 5% or 10%, depending on how late the filing is, the legislation also provides for the application of penalties for failures to file returns or for filing incorrect returns. A penalty of €3,000 or €5,000 would be levied, depending on the circumstances of the case. Where a relevant person fails to provide the information in the form and manner requested and within the time limit specified by Revenue, a daily penalty of €100 will be applied, subject to a maximum penalty of €3,000.