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International Tax Compliance - Client notification: income or assets abroad?

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Did you know, if you give advice, or offer services, about tax or finance relating to offshore income or assets, you may need to send your client a Notification Letter by 31 August 2017. Failure to do so may result in a £3000 penalty.

The International Exchange of Information Manual explains who needs to send notification letters, which clients are covered and when you need to send them. It also gives information on ways to identify clients depending on whether you give tax advice or are a financial institution.

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