SCHEDULES
SCHEDULE 10Penalties: offshore income etc
Schedule 55 to FA 2009
I114
In paragraph 17 (interaction with other penalties)—
a
in sub-paragraph (3), for “100%” substitute “
the relevant percentage
”
, and
b
after that sub-paragraph insert—
4
The relevant percentage is—
a
if one of the penalties is a penalty under paragraph 6(3) or (4) and the information withheld is category 3 information, 200%,
b
if one of the penalties is a penalty under paragraph 6(3) or (4) and the information withheld is category 2 information, 150%, and
c
in all other cases, 100%.