CH403142 - Charging penalties: calculating penalties: offshore matters: introduction

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.