Non-resident landlord’s scheme

By P&A Knowledge Team · 18 April 2018 · Posted in Overseas tax issues

The Non-resident landlord (NRL) scheme is a special scheme for the UK rental income of non-resident landlords. This includes companies or trustees whose 'usual place of abode' is outside the UK. HMRC classifies a person living abroad for 6 months or CONTINUE READING

New offshore tax penalties

By P&A Knowledge Team · 14 March 2018 ·

Posted in Overseas tax issues

New legislation that comes into effect from 1 October 2018 will see higher penalties for anyone with undeclared offshore assets. HMRC has published a news release urging taxpayers with undeclared offshore assets to become compliant and warning

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HMRC’s requirement to correct

By P&A Knowledge Team · 21 February 2018 ·

Posted in Overseas tax issues

The new requirement to correct (RTC) legislation was introduced by the Finance (No.2) Act 2017. The legislation created a new statutory obligation for taxpayers with undeclared UK tax liabilities that involve offshore matters to disclose any relevant

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