Offshore Collective Investment Funds – HMRC letter to taxpayers

By Technical Team on 01 Nov 2019

HMRC have informed us that they are planning a bulk mailing of letters in early November 2019 to a subset of taxpayers whose tax affairs are dealt with by HMRC’s Wealthy & Mid-Sized Business unit.

The letters ask recipients to check that they have correctly declared money received from offshore (overseas) collective investment funds, and include a factsheet that gives more details. HMRC have supplied a briefing with some background information about the mailing, and a sample letter that taxpayers included in the mailing can expect to receive.  

Posted in: Technical News