September Deadline for Undeclared Foreign Income

HMRC is urging UK taxpayers to make sure they have declared foreign income before 30 September. Under the Requirement To Correct (RTC) legislation, undisclosed foreign income or profits on offshore assets could be subject to tax penalties. ¬†After notifying HMRC of their intention to make a declaration, taxpayers will have up to 90 days to … Continue reading September Deadline for Undeclared Foreign Income