We have produced these practical notes for use by members following recent discussions with HMRC regarding the scope and operation of the “Requirement to Correct Offshore Tax Non-Compliance” (RTC) in Schedule 18 Finance (No 2) Act 2017.
Part 5 of the notes has been updated to reflect that HMRC’s RTC guidance does not cover the Disguised Remuneration Settlement Terms so it does not explain what will happen where a taxpayer has not finished the correction process on a DR settlement by 30 September 2018.
Technical Team