CH403142 - Charging penalties: calculating penalties: offshore matters: introduction
This page and chapter are under review as the relevant content is also published in the technical guidance chapters of the Compliance Handbook, within Compliance checks factsheets and in Compliance checks guidance. If you use particular pages regularly, please email hmrcmanualsteam@hmrc.gov.uk to let us know the specific content you find useful.
A person may be charged a higher penalty where the
- tax at stake is income tax or capital gains tax and
- inaccuracy, failure to notify or failure to file on time involves an offshore matter.
For detailed technical guidance about offshore matters for
- inaccuracies, see CH116200
- failure to notify, see CH114000
- failure to file on time, see CH112000
- asset move penalties, see CH119000
- asset-based penalties, see CH122000
- penalties for enablers of offshore tax evasion or non-compliance, see CH124000.
Before you can calculate a penalty you must establish into which category the inaccuracy or failure falls, see CH403145.