Own up over foreign income before October, says HMRC

The UK’s HMRC tax authority has issued a warning that ‘substantially higher’ penalties will be in place from October 1, 2018, for anyone who has failed to pay all tax due on ‘foreign income and assets’ in recent years. 

It advises making a disclosure to HMRC before the cut-off date.

HMRC says most people do declare correctly and pay the tax they owe, but in some cases people may have not been aware of their responsibilities.

If in doubt, it says you should ...

To read the remaining 85% of this article, you need to either

Subscribe now to The Connexion and benefit from access to our archived articles since 2006

Freedom Subscription

Pay every three months. Our most flexible subscription.

Subscription automatically renews so you don't miss an edition (you can switch this off at any time)

1 Year Subscription (12 editions) (Our best value offer)

1 year of great reading in print and online

Subscription automatically renews so you don't miss an edition (you can switch this off at any time).

More articles from Money
More articles from Connexion France
Other articles that may interest you

Loading some business profiles...

Loading some classifieds...