Resolving offshore tax issues

Background

The last 10 years have seen HMRC undertake several offshore tax disclosure facilities, collect 5.7m pieces of data on UK individuals holding offshore bank accounts and implement extensive tax legislation to penalise undisclosed offshore tax liabilities. Such legislation includes requiring that offshore tax matters are corrected (RTC) and a predicate criminal offence for tax failures involving offshore matters.

Anyone subject to a HMRC enquiry or has received an HMRC letter referring to offshore information or they believe that they may have a disclosure related to offshore matters which needs dealing with, needs to take specialist advice. The level of penalties chargeable for such offences means that a careful and correct approach to HMRC is needed to resolve the situation

How can we help you?

We have extensive experience of HMRC’s offshore tax strategy and how best to deal with an offshore tax problem. We can:

Resolve any offshore tax enquiry to get the best outcome for you.
Discuss with you any offshore tax-related interests that you have to ensure that they are tax compliant.
If any tax disclosure is needed, we can best advise you on how that should be taken forward, explaining the various options available and which is the best one for your circumstances.