Late payment penalties

(1) Where the Board decides to take disciplinary action against a licensee by imposing a late payment penalty on the licensee, it shall send the licensee a penalty notice stating– (a) the amount in respect of which the late payment penalty is being imposed; and (b) the amount of the penalty. (2) A licensee who receives a penalty notice under sub- section (1) shall pay the late payment penalty stated in the notice to the Board, or appeal the imposition of the penalty under section 14B, within 28 days of the date of the penalty notice.