News: June 2013
HMRC ENFORCEMENT DRIVE, SEARCHING FOR OVERSEAS TRUST ASSETS
HMRC is launching a special enforcement drive to detect the use of undeclared overseas trusts to conceal assets and income.
The campaign is part of the ‘closing in on evasion’ strategy announced by HMRC last December. It sets out a month-by-month schedule of the agency’s priorities in countering tax evasion.
If you know of anyone who has an overseas trust and is concerned about possible UK tax exposure, please refer them to us so we can help.