[CH123450] CH123450 – Offshore matters: requirement to correct certain offshore tax non-compliance: failure to correct – calculating the offshore potential lost revenue
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