{
  "url": "https://openlegislation.uk/penalties-offshore-income-etc-designation-of-territories-amendment-order-2013/note",
  "json_url": "https://openlegislation.uk/penalties-offshore-income-etc-designation-of-territories-amendment-order-2013/note.json",
  "legislation": "uksi/2013/1618",
  "legislation_title": "The Penalties, Offshore Income etc. (Designation of Territories) (Amendment) Order 2013",
  "legislation_url": "https://openlegislation.uk/penalties-offshore-income-etc-designation-of-territories-amendment-order-2013",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nSchedule 24 to the Finance Act 2007 provides for financial penalties when inaccurate information is provided to Her Majesty’s Revenue and Customs. When such information relates to sources or assets in an overseas jurisdiction the scale of penalty is determined by reference to the category of the territory to which the inaccuracy is connected.\nThe Penalties, Offshore Income etc. (Designation of Territories) Order 2011 designates certain territories as category 1 territories or as category 3 territories for the purposes of Schedule 24 to the Finance Act 2007. Any territory not listed in category 1 or category 3 falls by default into category 2.\nThis Order reclassifies certain territories from category 2 to category 1 (Liechtenstein and Switzerland) and from category 3 to category 2 (Antigua and Barbuda, Armenia, Bahrain, Barbados, Belize, Dominica, Grenada, Mauritius, San Marino, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines).\nA Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/1618/note",
    "retrieved_at": "2026-10-29T00:49:13.919211+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}