HMRC are focusing on uncovering the large portion of unpaid taxes that relate to offshore assets. Large penalties are about to be introduced and the Requirement to Correct (RTC) cut-off is looming. Aimed at those with undeclared offshore tax liabilities, the Requirement to Collect affects anyone who has not paid the relevant taxes relating to offshore interests and makes it essential that outstanding matters are corrected before the deadline of the 30 September 2018. The 30 September is also the closing date for more than 100 countries to exchange data on financial accounts under the Common Reporting Standard (CRS). Once HMRC have received this data they will be actively looking for any past
Silk Trading Route between China and India
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