The CIOT reports that HMRC is writing to those suspected of having undisclosed additional tax liabilities, with the letters copied to agents where it is aware the appropriate authorisation is in place. The letters (copies of which are linked to from the CIOT’s note) will identify which overseas entity or entities HMRC believes the person is connected to. A dedicated team has been set up by HMRC to handle queries from those affected. The letters also give recipients 60 days to check they have disclosed all UK tax liabilities from all overseas income and gains.
The CIOT reports that HMRC is writing to those suspected of having undisclosed additional tax liabilities, with the letters copied to agents where it is aware the appropriate authorisation is in place. The letters (copies of which are linked to from the CIOT’s note) will identify which overseas entity or entities HMRC believes the person is connected to. A dedicated team has been set up by HMRC to handle queries from those affected. The letters also give recipients 60 days to check they have disclosed all UK tax liabilities from all overseas income and gains.
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