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Client notification letters for offshore income

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HMRC has published information for individuals who receive a client notification letter from financial institutions or tax advisers in connection with money or assets held abroad. Between 30 September 2016 and 31 August 2017, financial institutions and advisers must notify certain clients of the financial information they will be required to share with HMRC under the common reporting standard from 2017. The guide outlines available options including the worldwide disclosure facility. It can be found here.

Issue: 1330
Categories: News