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HM Revenue and Customs gov.uk

Corporate report: Penalties for a failure to correct certain offshore tax non-compliance

Imported from official source

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From June 2026, the link for ‘Penalties for a failure to correct certain offshore tax non-compliance’ will be published in an Excel ODS file.

HMRC may publish information about a person if:

  • they had relevant offshore tax non-compliance at the end of 2016 to 2017 which they were aware of and failed to correct within the required period (6 April 2017 to 30 September 2018)
  • the offshore potential lost revenue (PLR) in relation to the penalty, or the aggregate of the offshore potential lost revenue in relation to each of the penalties, exceeds £25,000, or
  • the person has incurred five or more relevant penalties regardless of the total PLR

    • The law that allows this is paragraph 30 (1) of schedule 18 to the Finance (No2) Act 2017.

    We will publish enough information to identify:

  • the penalties charged for their failure to correct
  • the amount of offshore tax lost on which those penalties are based

    • The information will only be published once the penalties are final. If there is more than one penalty involved, this will be on the latest day when any of the penalties becomes final.

  • the day after the end of the appeal period if the person doesn’t make an appeal
  • the date when the appeal is finally determined
  • the date when a contract settlement is made

    • The law requires that those details published about a person are removed no later than 12 months from the date we first publish them.

    The information may not be published if the amount of the penalty is reduced to the minimum permitted amount (100% of the offshore PLR) to reflect the quality of the disclosure made by the person or is reduced to nil because of special circumstances.

    The lists of persons charged a penalty for their failure to correct their offshore tax non-compliance during the required period will not be captured for The National Archives.

    This is an extract. The publication continues at the source.

    Read the original at the source: https://www.gov.uk/government/publications/penalties-for-a-failure-to-correct-certain-offshore-tax-non-compliance

    Officially imported this from HM Revenue and Customs’s own source and shows an extract. If you work there, claiming the profile and verifying the domain lets you choose to show the full text here.

    Provenance

    Organization
    HM Revenue and Customs — imported from official source
    Official source
    https://www.gov.uk/government/organisations/hm-revenue-customs.atom ATOM
    Imported
    September 24, 2026 09:00
    Versions
    1 recorded
    Identity
    https://www.gov.uk/government/publications/penalties-for-a-failure-to-correct-certain-o...

    Officially records where a publication came from, not whether it is true. Imported records are reproduced from an organization's own official source.