The Resource Offshore assets : common myths

Offshore assets : common myths

Label
Offshore assets : common myths
Title
Offshore assets : common myths
Creator
Subject
Language
eng
Summary
This article looks at common myths surrounding the reporting of income and gains from offshore assets. HMRC statistics show that approximately one in ten people in the UK have an offshore financial interest. The taxation of income and gains arising from these interests can be complex. HMRC now has access to unprecedented levels of overseas financial data. Alongside the data is HMRC 's "No Safe Havens" offshore strategy, renewed in 2019, as well as punitive penalties for offshore errors in tax returns. Identifying and dealing with offshore non-compliance is crucial for all professionals and individual taxpayers
Citation source
In: Tax adviser. - Sutton. - (March 2020) ; p. 12-14
http://library.link/vocab/creatorName
  • Register, D
  • Hall, D
Geographic coverage
Europe
Language note
English
http://library.link/vocab/subjectName
  • offshore bank
  • offshore fund
  • foreign investment
  • pension
  • domicile
  • residence
  • disclosure
  • voluntary disclosure
Label
Offshore assets : common myths
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...