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Finance (No. 2) Act 2017

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1U.K.A penalty is payable by a person who—

(a)has any relevant offshore tax non-compliance to correct at the end of the tax year 2016-17, and

(b)fails to correct the relevant offshore tax non-compliance within the period beginning with 6 April 2017 and ending with 30 September 2018 (referred to in this Schedule as “the RTC period”).

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