No let-up on enquiries concerning offshore assets

In response to a query from the Chartered Institute of Taxation to HMRC on the impact of coronavirus on the letters HMRC has been sending to taxpayers with offshore assets income or gains the department has said that while it will continue to provide support to taxpayers during this time there will be no changes to the deadlines set out in the letters. Taxpayers unable to meet the 30-day deadline can contact HMRC on the number provided on the letter. It states that time-to-pay arrangements can also be agreed on a case-by-case basis for taxpayers who are concerned about being unable to pay their tax because of the pandemic.

In its response HMRC adds: ‘We do not have any letters scheduled to go out over the coming month however we regularly review our plans for correspondence and expect to continue to send letters to...