(1) A penalty imposed under section 110(1) or (1A) shall be of such amount as the appropriate authority considers appropriate.

(2) The amount may, in the case of a penalty imposed under section 110(1)(a), be a fixed amount, an amount calculated by reference to a daily rate or a combination of a fixed amount and an amount calculated by reference to a daily rate.

(3) The amount shall, in the case of a penalty imposed under any of section 110(1)(b), (c) or (1A), be a fixed amount.

(4) A penalty imposed under section 110(1) or (1A) on a person who does not own or control an enterprise must not -

(a) in the case of a fixed amount, exceed £30,000;

(b) in the case of an amount calculated by reference to a daily rate, exceed £15,000 per day; and

(c) in the case of a fixed amount and an amount calculated by reference to a daily rate, exceed such fixed amount and such amount per day.