HMRC Notification: If you have money or other assets abroad, you could owe tax in the UK

From 2016, HM Revenue & Customs (HMRC) is getting an unprecedented amount of information about people’s overseas accounts, structures, trusts, and investments from more than 100 jurisdictions worldwide, thanks to agreements to increase global tax transparency. This gives HMRC unprecedented levels of information to check that, as in most cases, the right tax has been paid.

If you have already declared all of your past and present income or gains to HMRC, including from overseas, you do not need to worry. But if you are in any doubt, HMRC recommends that you read the factsheet attached to help you decide now what to do next.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/557296/client-notification-letter.pdf

If you need any further clarification then please call us on 01844 260111.

Leave a Reply

Our Address

Network House, Station Yard,
Thame, Oxon, OX9 3UH
Telephone: +44 (0)1844 260111
Fax: +44 (0)1844 214111

Accreditations

Authorised and regulated by the Financial Conduct Authority.