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HMRC v Financial Institutions

Gary Ashford, senior tax manager, Grant Thornton, discusses some implications resulting from the SpCs' decision requiring a financial institution to give details of UK customers with offshore accounts to HMRC

 
Gary Ashford senior tax manager Grant Thornton discusses some implications resulting from the SpCs' decision requiring a financial institution to give details of UK customers with offshore accounts to HMRC
 
UK residents with assets overseas will come under increased scrutiny from HMRC after a landmark decision from the Special Commissioners.
Special Commissioners' Decisions
 
On 5 December 2005 details of Special Commissioners' decision SpC 517 were released. The anonymised decision HMRC v Financial Institution was given on 28 November 2005 and related to an application by...

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