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HMRC internal manual

Compliance Handbook

Offshore matters: failure to file on time penalties: amount of penalties involving an offshore matter

Amount of penalties involving an offshore matter

The rate of 12 month further penalty involving an offshore matter depends on whether the withholding of information was

  • deliberate,
  • deliberate and concealed, or
  • not deliberate, see CH62200.

The percentage then also depends on whether the withheld information is category 1, 2 or 3 information.

Penalty percentages

  Category 1 information Category 2 information Category 3 information
Deliberate and concealed 100% 150% 200%
Deliberate but not concealed 70% 105% 140%
Any other case 5% 5% 5%