This guidance covers penalties under Schedule 18 FA (No 2) 2017 known as the ‘Requirement to Correct’ (RTC) certain offshore tax non-compliance.

The RTC legislation has been introduced as part of the Government's strategy against offshore tax evasion and non-compliance. This builds on from previous measures in 2012 introducing offshore penalties for persons who deliberately withhold information relating to a tax liability which arises from activities, income and assets held in a territory outside the UK, see CH111100.

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