CIOT highlights HMRC letter to taxpayers about offshore collective investment funds
Released 01 November 2019
The CIOT is highlighting that HMRC are planning to send letters asking recipients to check they have correctly declared receipts from offshore collective investment funds.
HMRC have informed the CIOT that they are planning a bulk mailing of letters in early November 2019 to a subset of taxpayers whose tax affairs are dealt with by HMRC’s Wealthy and Mid-Sized Business unit asking them to check that they have correctly declared money received from offshore (overseas) collective investment funds.
For more information, see Offshore Collective Investment Funds – HMRC letter to taxpayers.