SCHEDULES

SCHEDULE 20Penalties in connection with offshore matters and offshore transfers

15Penalties for failure to make returns etc

1

Paragraph 6 (penalty for failure continuing 12 months after penalty date) is amended as follows.

2

In sub-paragraph (3A)—

a

before paragraph (a) insert—

za

for the withholding of category 0 information, 100%,

b

in paragraph (a), for “100%” substitute “125%”.

3

In sub-paragraph (4A)—

a

before paragraph (a) insert—

za

for the withholding of category 0 information, 70%,

b

in paragraph (a), for “70%” substitute “87.5%”.

4

In sub-paragraph (6), for “3” substitute “4”.