Euro Pacific International Bank – HMRC Activity
4 Aug 2022
HMRC have confirmed that they are investigating UK taxpayers with connections to Euro Pacific International Bank in Puerto Rico for suspected tax evasion and money laundering. They are urging those with connections to the bank to check their tax position and to contact them if they need to correct their tax affairs. More information about HMRC’s activity, including a letter campaign starting on 8 August 2022, can be found in the attached note that the CIOT has prepared for members. A copy of the letter and a copy of the associated nominated agent notification letter are also provided.