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HMRC internal manual

Compliance Handbook

HM Revenue & Customs
, see all updates

Penalties for Failure to File on Time: Types of penalties for failure to file on time: Occasional returns and returns for periods of 6 months or more: 12 months further penalties: Offshore matter: Overview

This page currently only applies to returns

  • for income tax, capital gains tax and registered pension schemes
  • that involve an offshore matter, and
  • where the relevant filing obligation arises on or after 6 April 2012.

It does not apply to the Construction Industry Scheme (CIS), see CH62300+.

Amount of penalties involving an offshore matter

CH62240 sets out the penalty percentages that normally apply. Higher penalty percentages may apply to the 12 month further penalties where information involving offshore matters would have been shown in the return.

The penalty rate that is used to calculate the 12 month further penalty depends on the category of that information, see CH62275. There are three categories of information. It is the overseas territory that the information relates to which determines the category that the information falls into, see CH62280.

A single failure may fall within more than one category, see CH62285. If it does, it is treated as if it were separate failures, one in each category.

CH62290 outlines the penalty percentages that apply where the failure involves offshore matters.

See CH63340 if a disclosure is received that involves an offshore matter.