UK:
Guidance On UK's Requirement To Correct Legislation: What Is It & What Does It Mean For Your Business?
17 September 2018
Alliott Group (International)
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Requirement To Correct (RTC) is a new UK tax law introduced to
ensure UK tax payers with income, investments or assets overseas
are paying the right amount of tax. RTC requires people to check
and correct their liabilities by 30 September 2018 or risk
incurring a penalty under HMRC's new harsher penalty
regime.
With less than two weeks until the deadline to declare, this
essential article by Alliott Group member accounting firm in
London, Alliotts Chartered Accountants, provides the material you
need to ensure your business becomes and remains compliant. Read on
for further details on who the legislation applies to, including a
comprehensive list of qualifying overseas incomes and gains, as
well as additional information about what RTC means for your firm
both now and for the future.
Read the full article at:
https://www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/requirement-to-correct-new-uk-tax-legislation/
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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