The International Tax Compliance (Client Notification) Regulation

HM Revenue & Customs (HMRC) is obtaining an unprecedented amount of information about people’s overseas accounts, structures, trusts, and investments from more than 100 jurisdictions worldwide, as a result of global tax transparency. This gives HMRC unprecedented levels of information to check that the right amount of tax has been paid, which it has in most cases.

If you have already declared all of your past and present income or gains to HMRC, including those from overseas, you do not need to worry. But if you are in any doubt, HMRC recommends that you read their factsheet which we have attached, to help you decide what you may need to do.

The background are the changes that take effect on 30 September 2017 to the International Tax Compliance Regulations 2015 which relate to the obligation to report all UK taxable income. This extends t