{"id":86508,"date":"2017-11-21T05:45:36","date_gmt":"2017-11-21T05:45:36","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=7add84e25ca12ae4d8b5fff48e345f92"},"modified":"2017-11-21T05:45:36","modified_gmt":"2017-11-21T05:45:36","slug":"guidance-on-requirement-to-correct","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=86508","title":{"rendered":"Guidance on requirement to correct"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>HMRC has published guidance on complying with the <a href=\"http:\/\/tinyurl.com\/ycpz67le\">requirement-to-correct rules<\/a>. This condition is included in F(No 2)A 2017, s 67 and Sch 18 and obliges taxpayers to notify the tax authority if money held offshore has not been taxed or reported. It applies only to tax non-compliance before 6 April 2017 and taxpayers must notify any outstanding liability to HMRC by\u00a030 September 2018.<\/p>\n<p>&#13;<\/p>\n<p>The deadline coincides with the start date for the common reporting standard when the tax authorities in more than 100 countries will begin exchanging data on financial accounts.<\/p>\n<p>&#13;<\/p>\n<p>Failure to disclose the &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>HMRC has published guidance on complying with the <a href=\"http:\/\/tinyurl.com\/ycpz67le\">requirement-to-correct rules<\/a>. This condition is included in F(No 2)A 2017, s 67 and Sch 18 and obliges taxpayers to notify the tax authority if money held offshore has not been taxed or reported. It applies only to tax non-compliance before 6 April 2017 and taxpayers must notify any outstanding liability to HMRC by&nbsp;30 September 2018.<\/p>\n<p>The deadline coincides with the start date for the common reporting standard when the tax authorities in more than 100 countries will begin exchanging data on financial accounts.<\/p>\n<p>Failure to disclose the &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/86508"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86508"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/86508\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}