Finance Act 2016 (c. 24)

SCHEDULES

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

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

7 U.K. 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%”

Commencement Information

I1 Sch. 21 para. 7 in force at 1.4.2017 with effect in accordance with reg. 2 by S.I. 2017/259, reg. 2