ATT consultation response: Extension of Offshore Time Limits

Released 14 May 2018

ATT endorses CIOT comments on HMRC’s proposal to introduce extended time limits for assessing offshore income, gains and transfers.

The Association of Taxation Technicians (ATT) has published its submission to HMRC in response to the consultation Extension of Offshore Time Limits published on 19 February 2018. The ATT has strongly endorsed the comments of the Chartered Institute of Taxation (CIOT) in its submission (see Extension of offshore time limits - CIOT response). The ATT has also identified four considerations to be taken into account in the design of the measure:

Focusing the extended time limits on the intended targets;

Categorising non-deliberate offshore tax non-compliance;

Proportionality;

Record-keeping obligations and the extended time limit.

View the submission Extension of Offshore Time Limits - ATT response.

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