Whenever any person required to pay a surcharge hereunder fails to collect and/or remit to the Director of Finance the surcharge imposed by this subtitle within the time limited therefor, that person shall be assessed by the Director of Finance: the amount of the surcharge due; interest at the rate of 1% per month or any fraction thereof; and a penalty of 10% of the surcharge due. City Code, 1976/83, art. 23, §27(e) Ord. 91-757