Search

Reset
Displaying 10 of 12 results
Requirement to correct – It’s not too late
Andrew Hinsley

30 July 2018

HMRC guidance regarding its requirement to correct (RTC) has been updated. So long as HMRC has been notified of a taxpayer’s intention to disclose by 30 September 2018 using its online worldwide disclosure facility (WDF), the taxpayer will be considered to have met the deadline.

Prove it or lose it - wealth confiscation powers

15 March 2018

Anyone might think that London is awash with ‘dodgy’ money. But is this true? The UK government has not been particularly vocal about the measures it has put in place over the last few years to tackle ill-gotten gains being enjoyed in the UK, but there are many of them.

HMRC tax penalties - not as straightforward as it seems

13 May 2017

There is no doubt HMRC has become more focused and aggressive in its approach to penalties. In fact, it is safe to say penalties is an area that takes a significant amount of an adviser’s discussion and review time to ensure that HMRC is working within the parameters set, and that clients are not being overly penalised.

The requirement to correct - offshore tax matters
Andrew Hinsley

29 March 2017

On 5 December 2016, HMRC published draft ‘requirement to correct’ (RTC) legislation. With effect from 6 April 2017, those who do not put their off shore tax affairs in order by 30 September 2018 will be subject to significantly increased penalties.

Requirement to correct

10 February 2017

On 5 December 2016, HMRC published draft requirement to correct (RTC) legislation. Under the proposed legislation, due to take effect from 6 April 2017, those who do not put their offshore tax affairs in order by 30 September 2018 will be subject to significantly increased penalties.

HMRC focus on income and assets abroad

17 December 2016

The Chancellor’s Autumn Statement 2016 proudly announced the UK’s tax gap is one of the lowest in the world and that the UK has been at the forefront of bringing about a step change in international tax transparency.

HMRC launches the Worldwide Disclosure Facility
Andrew Hinsley

07 September 2016

On 5 September 2016 HMRC launched the new Worldwide Disclosure Facility (WDF) relating to non-compliance by taxpayers in respect of their offshore interests.

Enhanced Tax Compliance Service

31 May 2016

Record numbers of taxpayers are being subjected to tax investigations and compliance checks.

An alternative way forward?

25 January 2016

With HMRC’s increasing focus on non-compliance, alternative dispute resolution (ADR) offers a confidential and time-efficient way to resolve a tax dispute, including those involving overseas issues.

eMarketplaces- trading or hobby?

12 November 2015

HMRC is tackling tax evasion by looking at the hidden economy of online activity. Make sure you aren’t caught out.

Pages