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HMRC internal manual

Compliance Handbook

Charging penalties: calculating penalties: offshore matters: introduction

A person may be charged a higher penalty where the

  • tax at stake is income tax or capital gains tax and
  • inaccuracy, failure to notify or failure to file on time involves an offshore matter.

For detailed technical guidance about offshore matters for

  • inaccuracies, see CH116200
  • failure to notify, see CH114000
  • failure to file on time, see CH112000
  • asset move penalties, see CH119000
  • asset-based penalties, see CH122000
  • penalties for enablers of offshore tax evasion or non-compliance, see CH124000.

Before you can calculate a penalty you must establish into which category the inaccuracy or failure falls, see CH403145.