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.
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.
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