SCHEDULES

SCHEDULE 21Penalties relating to offshore matters and offshore transfers

Amendments to Schedule 41 to the Finance Act 2008 (c. 9)

I17

In paragraph 13 (amount of reduction for disclosure), for the Table in sub-paragraph (3) substitute—

Standard %

Minimum % for prompted disclosure

Minimum % for unprompted disclosure

30%

case A: 10%

case B: 20%

case A: 0%

case B: 10%

70%

35%

20%

100%

50%

30%