Requirement to Correct Voluntary disclosures to HMRC

Requirement to Correct Voluntary disclosures to HMRC

HMRC’s crackdown on offshore tax evasion and non-compliance continues to intensify.

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Associate Director: Tax

KPMG in Gibraltar

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HMRC’s crackdown on offshore tax evasion and non-compliance continues to intensify. Legislation will be enacted this year introducing a new legal obligation for those impacted to correct any issue in relation to their ‘offshore matters’ that has given rise to a UK tax liability. This requirement is described as a ‘Requirement to Correct’. 

 

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