Guidance

Compliance checks: penalties for offshore non-compliance - CC/FS17

Find out about higher penalties that HMRC may charge for Income Tax, Capital Gains Tax and Inheritance Tax when an offshore matter is involved.

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Factsheets are for guidance only and reflect the position of HMRC at the time of writing.

Published 13 October 2014
Last updated 11 January 2022 + show all updates

11 January 2022
Factsheet CC/FS17 has been updated.
19 February 2020
This factsheet has been updated for customers who need extra support.
25 November 2019
Factsheet updated to clarify the impact of the 'requirement to correct and failure to correct penalties' on offshore non-compliance.
6 May 2019
Text relating to the 10% penalty restriction has been updated following comment in cases heard at tribunal.
5 November 2018
The English and Welsh versions of the CC/FS17 factsheet have been updated.
1 October 2018
The English and Welsh versions of the CC/FS17 factsheet have been updated.
2 July 2018
The English and Welsh versions of the CC/FS17 factsheet have been updated.
23 January 2018
Factsheet updated to clarify when an offshore transfer takes place and the penalty percentage for failure to notify for Income Tax and Capital Gains Tax updated.
19 October 2017
CC/FS17 factsheet has been updated.
10 October 2016
CC/FS17 factsheet has been updated.
6 June 2016
Revised English PDF and Welsh translation added.
15 October 2015
CC/FS17 factsheet has been updated.
13 October 2014
First published.