Compliance

Non-compliance with laws and regulations (excluding environmental)

  2011 2012 2013 2014 2015
Incidents (number) 0 0 0 0 0*
Non-monetary sanctions (number) 0 0 0 0 0
Monetary value of significant fines (£’000 pounds sterling) 0 0 0 0 0

Note: *Cairn filed VAT/withholding tax returns late on four occasions in Morocco in 2015, it incurred penalties of $0.4MM, the equivalent of approximately 26% of tax payment when it was acting on its own behalf and as agent on behalf of its suppliers. The vast majority of this assessment ($0.4MM) arose as a result of late filling of annual tax summaries for 2013 and 2014.

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