Hmrc threats

This article is to make you aware of a new tax alert issued by HMRC which confirms they are targeting those who sell goods and services online.

HMRC continue to become aware of taxpayers who may be in receipt of income/gains from overseas assets via automatic exchange of information with other countries. This has led to a significant ...

With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity.

As previously discussed here  HMRC have been targeting taxpayers who they believe have overseas income and gains, which may not have previously been disclosed. 

HMRC are currently sending out letters to taxpayers requesting more information on overseas income and gains, which may not have previously been disclosed to HMRC. This letter has been sent because ...