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HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
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Penalties for Failure to File on Time: Types of penalties for failure to file on time: Calculating the 12 month further penalty - involving an offshore matter

The calculation process, see CH63600 onwards, is the same whether or not the return involves an offshore matter. The only difference is that the penalty percentages are higher where the information falls within category 2 or category 3.

If the information withheld falls into more than one category, see CH62285, you then need to calculate the penalty separately for each category of information.

FA10/SCH1/PARA38

FA09/SCH55/PARA24