Section 219 | Penalties: offshore income etc

In paragraph 21A of Schedule 24 to FA 2007 (classification of territories), in sub-paragraph (4)—

(a)omit “and” at the end of paragraph (b), and

(b)at the end of paragraph (c) insert—

(d)the existence of any other arrangements between the UK and that territory for co-operation in the area of taxation, and

(e)the quality of any such other arrangements (in particular, the extent to which the co-operation provided for in them assists or is likely to assist in the protection of revenue raised from taxation in the UK).