SCHEDULES
SCHEDULE 20Penalties in connection with offshore matters and offshore transfers
Penalties for failure to make returns etc
15
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
”
.