You must check the date from which these rules apply for the tax or duty you are dealing with. See CH123050 for full details.

The potential lost revenue in relation to any offshore tax non-compliance means the potential loss of revenue attributable to that non-compliance. The amount involved will be determined by the type of offence that has occurred and when it occurred.

Failure to notify chargeability

The PLR is calculated using the relevant rules under

paragraph 7 of Schedule 41 to FA 2008, or

Section 7(8) of TMA 1970 if the original offshore tax non-compliance took place before 1 April 2010.

Failure to deliver a return or other document

The PLR is calculated using the relevant rules under

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