UK Tax Focus

The Requirement To Correct And The Worldwide Disclosure Facility


The Requirement To Correct And The Worldwide Disclosure Facility

4 May 2017, 12.00 BST/13.00 CEST
Host: Nigel Barker
Presenters: Annis Lampard, Jenny Tevlin

On 6 April 2017, the statutory Requirement to Correct (RTC) came into force for UK tax errors relating to non-UK income and assets. The requirement affects UK-resident and non-UK resident companies, trusts and individuals and is part of HMRC’s wider offshore policy, that has changed the tax landscape significantly. Simultaneously, HMRC launched the ‘last chance’ Worldwide Disclosure Facility. What do these initiatives mean for you?

We’ll discuss:

  • The key features of the Requirement to Correct.
  • An overview of the subsequent Failure to Correct regime.
  • An explanation of the Worldwide Disclosure Facility.
  • How the Requirement to Correct and Worldwide Disclosure Facility interact.

Learn about these significant developments in the tax transparency agenda.

Register for this webcast