The Finance Act 2015 Schedule 20 (Appointed Days) Order SI 2016/456 appoints 6 April 2016 as the day on which the extended offshore penalty regime applicable to income gains or assets hidden offshore has effect in relation to errors and failures to notify or make returns. The effective date for errors in relation to inheritance tax is 1 April 2016.
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The Finance Act 2015 Schedule 20 (Appointed Days) Order SI 2016/456 appoints 6 April 2016 as the day on which the extended offshore penalty regime applicable to income gains or assets hidden offshore has effect in relation to errors and failures to notify or make returns. The effective date for errors in relation to inheritance tax is 1 April 2016.
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:
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