Finance Act 2016 (c. 24)

SCHEDULES

SCHEDULE 21 U.K. Penalties relating to offshore matters and offshore transfers

Amendments to Schedule 55 to the Finance Act 2009 (c.10) U.K.

11 U.K. In paragraph 15 (amount of reduction for disclosure), for the Table in sub-paragraph (2) substitute—

“Standard %	Minimum % for prompted disclosure	Minimum % for unprompted disclosure
70%	35%	20%
100%	50%	30%”

Commencement Information

I1 Sch. 21 para. 11 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2