cooperative, otherwise the penalty would ve been 22.5%, the minimum level. slightly less then overly enthusiastic to get hmrc sorted and get the whole thing resolved. but they ve got a good reduction. whoever was negotiating for him and dealing with hmrc, they ve come out with given the circumstances i think a lot of people are commenting today not a bad outcome in penalty terms 30%. tens of millions of people are on the move in china in preparation for the start of the lunar new year tomorrow. it s the first spring festival in china in four years without any covid travel restrictions, as michael bristow reports. there s excitement and relief, as china begins celebrating its first lunar new year since the lifting of covid restrictions. not surprisingly, there are more travellers than last year.
penalty, obviously much higher penalty, obviously much higher penalty for deliberate and what they call deliberate and concealed. careless is what has been agreed. if it was just simply to do with the uk the maximum penalty is 30%. then you get a reduction, the law says for what they call disclosure. that involves you coming forward or maybe hmrc asking you about it as you put your hands up. also how you work with hmrc while you are sorting it out. did you give them all the information needed, didn t you let them see all of your information so that you could arrive at the right amount of tax? the slight difference here with nadhim zahawi is that the yougov shares, if that s what the taxes relationship, they were in an offshore structure in gibraltar.