17 October 2020
Following HMRC’s recent statistics on investigations relating to the corporate criminal offence (CCO), we discuss the potential affects for unsuspecting organisations.
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.
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.
16 May 2017
We investigate some of the common offshore tax misconceptions for UK resident and non-UK domiciled individuals and how to avoid them.
16 May 2017
We investigate some of the common offshore tax misconceptions for UK resident and domiciled individuals and how to avoid them.
12 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.
28 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.
10 February 2017
HMRC introduced the requirement to correct (RTC) legislation as part of the Finance (No.2) Act 2017. Under this legislation, which came into effect from 6 April 2017, taxpayers were required to bring their offshore tax affairs up to date by 30 September 2018 or face significantly increased penalties.