Punitive tax penalty

Last year wrote about offshore income and gains letters being issued to taxpayers who were linked to the Pandora Papers.  https://blog.taxadvisorypartnership.com/blog/pandora-papers

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 ...

The Pandora papers involved the release of millions of documents from a number of different offshore financial service providers, revealing amongst other financial activities, serious tax avoidance ...

Companies that own UK property are required to file annual ATED Returns (“Annual Tax on Enveloped Dwellings”) with HMRC.