HMRC’s Offshore Property Developers Task Force will investigate the UK tax paid by offshore developers of UK land and buildings. Investigations will encompass all taxes and duties. HMRC will undertake a detailed exploration of the facts before considering technical tax issues. Tax-geared penalties may be charged if developers carelessly or deliberately fail to declare the correct amount of UK tax.
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HMRC’s Offshore Property Developers Task Force will investigate the UK tax paid by offshore developers of UK land and buildings. Investigations will encompass all taxes and duties. HMRC will undertake a detailed exploration of the facts before considering technical tax issues. Tax-geared penalties may be charged if developers carelessly or deliberately fail to declare the correct amount of UK tax.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: