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.