121Penalties in connection with offshore asset moves
This section has no associated Explanatory Notes
Schedule 21 contains provision for imposing an additional penalty in cases where—
(a)a person is liable for a penalty for a failure to comply with an obligation or provide a document, or for providing an inaccurate document, relating to income tax, capital gains tax or inheritance tax, and
(b)there is a related transfer of, or change in the ownership arrangements for, an asset situated or held outside the United Kingdom.