Urgent Notice for Trustees and Corporate Service Providers
HMRC updated its guidance on 11 July 2018 on the Requirement to Correct or RTC in relation to the new offshore non-compliance measures introduced by the Finance (No.2) Act 2017.
Read a copy of our latest Briefing Note to find out more.
Our experienced professionals in the Wealth Planning team can review any existing structures and provide a health check which will either give the all clear that no tax is due or will highlight areas of concern in terms of non-compliance and, where appropriate, provide the guidance to offshore service providers to avoid the severe penalties imposed for non-compliance.
For more information about these issues and how they could affect you, please contact Robert Drysdale or a member of our Rooks Rider Solicitors’ Wealth Planning team.