The blog makes clear that HMRC will be inviting participants of DR schemes to register an interest in settling their tax liabilities arising from the use of these arrangements. Settling will prevent further immediate action by HMRC, as well as reducing interest charges that would otherwise be payable and to giving access to extended payment terms, where these are needed. HMRC will be issuing details of how to register and settle in the coming weeks however, you can make contact with them about settling your clients’ affairs by email to ca.admin@hmrc.gsi.gov.uk alternatively if you are already speaking to someone in HMRC about the use of a DR scheme, or have a customer relationship manager make contact with them. Further information and guidance will be published by HMRC in the coming weeks.
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HMRC Worldwide Disclosure Facility (WDF) Talking Points 29 August 2017
HMRC is hosting an online meeting on Thursday 31 August to provide guidance and support to those needing to use the Worldwide Disclosure Facility to bring their offshore tax affairs up to date pre September 2018.
Customers have until September 2018 to use HMRC’s WDF to bring their offshore tax affairs up to date. Failure to make a disclosure and pay tax liabilities could lead to tougher penalties, or a civil or criminal investigation.
HMRC’s Talking Points meeting will cover where to find guidance and support to help you make and complete a correct disclosure and will include:
offshore property and rental offshore investments and dividends
exchange rates to use when converting offshore income to Sterling offshore penalties – the different levels of penalties for offshore income Using the non-statutory clearance process for clarification in complex cases Interaction with Requirement to Correct
Talking Points meeting, ‘What is the Worldwide Disclosure Facility (WDF)?’
Thursday 31 August 2017 12pm to 1pm - Register your attendance here .
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HMRC Talking Points on Making Tax Digital for business 5 September 2017
On 14 and 15 September HMRC are running Talking Points online meetings which provide an overview of the basics of Making Tax Digital for business (MTDfb). The sessions include the latest information about the new phased approach - giving businesses and agents plenty of time to adapt to the changes.
This is a very popular subject so HMRC is running meetings over two days.
Thursday 14 September - 1pm to 2pm
Register now Register now
Thursday 14 September - 2.30pm to 3.30pm
Friday 15 September - 10.30am to 11.30am
Register now Register now
Friday 15 September - midday to 1pm
If you have any questions for the subject experts, please send them to team.agentengagement@hmrc.gsi.gov.uk prior to the meeting, including the title of the meeting in the ‘Subject’ line of your email.
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