We are aware that HMRC has once again issued letters to some taxpayers requesting information in respect of offshore income and gains.
The letters tell the individual that it is their responsibility to tell HMRC about their UK tax liabilities from offshore income and gains anywhere in the world, and that it is important that taxpayers check that they have declared all their UK tax liabilities.
The letters generally give 30 days to respond and all of them include a “Certificate of Tax Position” form which HMRC ask the individual to complete and return whether they have additional tax liabilities to disclose or not.
On the certificate, the individual is asked to sign and make a declaration to the effect that:
Recipients are also asked to tick that either:
