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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.

Common offshore tax misconceptions of UK resident and non-UK domiciled individuals
Andrew Hinsley

We investigate some of the common offshore tax misconceptions for UK resident and non-UK domiciled individuals and how to avoid them.

Common offshore tax misconceptions of UK resident and domiciled individuals
Andrew Hinsley

We investigate some of the common offshore tax misconceptions for UK resident and domiciled individuals and how to avoid 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.

HMRC estate: big is better, or is it?
Andrew Walker

14 February 2017

Significant concerns have been raised over HMRC’s plans to reorganise its office estate into 13 new regional centres; we agree.

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.

Don't ignore HMRC...

18 October 2016

There has been seismic political change in recent years, both in the UK and internationally, but one thing that has remained constant is HMRC’s desire to increase the tax take from its investigation work.

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