A4.575 Introduction to offshore penalties

Administration and compliance

A4.575 Introduction to offshore penalties

Offshore penalties

A4.575 Introduction to offshore penalties

A number of additional civil penalties apply to non-compliance involving an offshore matter. These are:


    (a)     general penalties for failures arising in connection with income, assets or activities outside the UK, see A4.575A


    (b)     penalties for failures involving offshore asset transfers, see A4.575B


    (c)     asset-based penalties for offshore inaccuracies and failures, see A4.575C, and


    (d)     penalties for enablers of offshore tax evasion or non-compliance, see A4.576

For 2017/18 onwards there are also criminal offences consisting of failure to properly declare offshore income or gains1, see A7.434.

In March 2019 HMRC launched its No Safe

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