You may have received a letter from us in relation to HMRC’s information powers. From 2016, HM Revenue & Customs are getting an unprecedented amount of information about taxpayer’s overseas accounts, structures, trusts, and investments from more than 100 jurisdictions worldwide, thanks to agreements to increase global tax transparency.
As Tax Compliance agents we are under obligations to make our Clients aware of these powers – HMRC’s factsheet can be found here. If you have already declared all of your past and present income or gains to HMRC, including overseas affairs, you do not need to worry. If however, you are in any doubt please feel free to contact us on 0131 228 8111 or email@example.com