SCHEDULES

SCHEDULE 21Penalties relating to offshore matters and offshore transfers

Amendments to Schedule 24 to the Finance Act 2007 (c. 11)

3

In paragraph 10 (amount of reduction for disclosure), for the Table in sub-paragraph (2) substitute—

“Standard %

Minimum % for prompted disclosure

Minimum % for unprompted disclosure

30%

15%

0%

70%

35%

20%

100%

50%

30%”