# Finance Act 2015, Paragraph 11

Extent: E+W+S+N.I.

(1) Paragraph 6A (categorisation of failures) is amended as follows.
(2) For sub-paragraph (1) substitute—
“(A1) A failure is in category 0 if—
(a) it involves a domestic matter,
(b) it involves an offshore matter or an offshore transfer, the territory in question is a category 0 territory and the tax at stake is income tax or capital gains tax, or
(c) it involves an offshore matter and the tax at stake is a tax other than income tax or capital gains tax.
(1) A failure is in category 1 if—
(a) it involves an offshore matter or an offshore transfer,
(b) the territory in question is a category 1 territory, and
(c) the tax at stake is income tax or capital gains tax.”
(3) In sub-paragraph (2)(a), after “matter” insert “ or an offshore transfer ”.
(4) In sub-paragraph (3)(a), after “matter” insert “ or an offshore transfer ”.
(5) After sub-paragraph (4) insert—
“(4A) A failure “involves an offshore transfer” if—
(a) it does not involve an offshore matter,
(b) it is deliberate (whether or not concealed) and results in a potential loss of revenue,
(c) the tax at stake is income tax or capital gains tax, and
(d) the applicable condition in paragraph 6AA is satisfied.”
(6) In sub-paragraph (5), for the words following “revenue” substitute “ and does not involve either an offshore matter or an offshore transfer ”.
(7) In sub-paragraph (6)(a), after “matters” insert “ or transfers ”.
(8) Omit sub-paragraph (8).
(9) In sub-paragraph (9), after “paragraph” insert “ and paragraph 6AA ”.

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Source: https://www.legislation.gov.uk/ukpga/2015/11/schedule/20/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2015/schedule-20/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.