Guidance

Compliance checks: penalties for offshore non-compliance — CC/FS17

Find out about higher penalties that HMRC may charge for Income Tax, Capital Gains Tax and Inheritance Tax when an offshore matter is involved.

• From: HM Revenue & Customs
• Published: 13 October 2014
• Last updated: 11 January 2022
  Show all updates

  1. 11 January 2022

     Factsheet CC/FS17 has been updated.

  2. 19 February 2020

     This factsheet has been updated for customers who need extra support.

  3. 25 November 2019

     Factsheet updated to clarify the impact of the 'requirement to correct and failure to correct penalties' on offshore non-compliance.

  4. 6 May 2019

     Text relating to the 10% penalty restriction has been updated following comment in cases heard at tribunal.

  5. 5 November 2018

     The English and Welsh versions of the CC/FS17 factsheet have been updated.

  6. 1 October 2018

     The English and Welsh versions of the CC/FS17 factsheet have been updated.

  7. 2 July 2018

     The English and Welsh versions of the CC/FS17 factsheet have been updated.

  8. 23 January 2018

     Factsheet updated to clarify when an offshore transfer takes place and the penalty percentage for failure to notify for Income Tax and Capital Gains Tax updated.

  9. 19 October 2017

     CC/FS17 factsheet has been updated.

  10. 10 October 2016

      CC/FS17 factsheet has been updated.

  11. 6 June 2016

      Revised English PDF and Welsh translation added.

  12. 15 October 2015

      CC/FS17 factsheet has been updated.

  13. 13 October 2014

      First published.

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Compliance checks — CC/FS17: penalties for offshore non-compliance

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Factsheets are for guidance only and reflect the position of HMRC at the time of writing.