The Penalties Relating to Offshore Matters and Offshore Transfers (Additional Information) Regulations 2017 (S.I. 2017/345) were made on 9 March 2017 and that stipulate the additional information that is required to be furnished when requesting for a reduction of penalties for tax inaccuracies or failures involving offshore matters or offshore transfers.
The Regulations will come into force on 1 April 2017.
The UK HM Revenue & Customs (HMRC) published Revenue and Customs Brief 7 (2026): Changes to the VAT Capital Goods
Read MoreAfter four days of administrative quiet, UK trade policy saw significant implementation this week, defined by a
Read MoreThe UK’s His Majesty’s Revenue and Customs (HMRC) has updated its Pillar Two guidance to confirm the adoption of
Read MoreThis week was marked by a significant tightening of UK trade policy, headlined by a major expansion of the anti-dumping
Read MoreUK’s His Majesty's Revenue and Customs (HMRC) has published two reports from the General Anti-Avoidance Rule (GAAR)
Read MoreThe UK government has announced a 20% reduction in business rates bills for pubs, social clubs and live music venues
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