For all those dog owners proudly showing at Crufts this week I wish them all the luck in the world …. However despite all the hard work, miles travelled and expenses involved, the talk in the background will be of the taxman’s appalling attitude in inferring this is a lucrative trade!
The pride in their breed may be tempered with fear of being found out as HMRC letters continue to drop on the mat!
Will one be waiting for you on your ...Read More →
Do you have untaxed money offshore
Do you receive interest on an offshore bank account
Have you been involved in offshore companies and need to declare it now?
Over 100 countries have committed to exchange information on a multilateral basis under the Organisation for Economic Co-operation and Development’s Common Reporting Standard (CRS).
Since 31 December 2015 HMRC closed all the previous “amnesties” giving incentives to come forward and clear up ...Read More →
Use the Worldwide Disclosure Facility (WDF)
On 5 September 2016, HMRC announced the launch of a Worldwide Disclosure facility. As an opportunity for taxpayers to come clean and legitimise their tax affairs in advance of the Common Reporting Standard (CRS) which will be effective from 30 September 2018.
Any UK or non-resident individual or organisation that has a UK Tax liability originating from overseas or the UK can apply. All direct Taxes, but not VAT, are included plus IHT going back ...