Nudging HMRC to be more transparent with its nudge letters

In recent months, HMRC’s Risk and Intelligence Service (RIS) has once again issued “nudge” letters to individuals who HMRC believes have offshore income and gains that could be liable to UK tax. The “nudge” letters we have seen were issued...

Last Chance – Do you need to notify HMRC of a Requirement to Correct disclosure before 30 September 2018?

Less than a week to go before the Requirement to Correct (RTC) deadline of 30 September 2018 elapses. RTC requires taxpayers to make a disclosure of any undeclared tax (Income Tax, Capital Gains Tax and Inheritance Tax) arising before the...

Automatic presumption of criminality for offshore tax evasion

The Government has decided that a new ‘strict liability’ criminal offence should be introduced for those failing to declare taxable income and gains arising offshore.  This statutory presumption of guilt is highly controversial as it means that HMRC will not...

No safe havens for evading tax: new criminal offence to be introduced

On 11 April 2014, George Osborne announced that the Government is stepping up its efforts on tackling offshore tax evasion, and this was widely reported in the press.  This was followed by an announcement by HM Treasury and HMRC on...

SI 2014/Draft The International Tax Compliance (Crown Dependencies and Gibraltar) Regulations 2014

HMRC expects to pass the necessary secondary legislation to activate the information exchange agreements with the Isle of Man, Guernsey, Jersey and Gibraltar as from 31 March 2014 and is consulting on the precise form of the SIs required. This...