PART 9Miscellaneous matters

International matters

219Penalties: 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).