SCHEDULES

SCHEDULE 21Penalties relating to offshore matters and offshore transfers

Amendments to Schedule 41 to the Finance Act 2008 (c. 9)

7

In paragraph 13 (amount of reduction for disclosure), for the Table in sub-paragraph (3) substitute—

“Standard %

Minimum % for prompted disclosure

Minimum % for unprompted disclosure

30%

case A: 10%

case A: 0%

case B: 20%

case B: 10%

70%

35%

20%

100%

50%

30%”