Monthly Archives: October 2013

HMRC letters on Swiss bank accounts

  HMRC’s Specialist Investigations Offshore Coordination Unit are now sending out letters to individuals holding accounts held in Switzerland. Details of these accounts have now been obtained by HMRC. This was where the taxpayer allowed the banks to disclose details of their accounts to HMRC. The letter invites them to sign one of […]

Posted in Tax

Tax obligations on PPI payouts

  If you have won compensation for mis-sold payment protection insurance (PPI) then you need to be aware of your obligations for reporting this to HMRC. PPI payouts are usually formed from three elements. The first two constitute the compensation. They are: A refund of the premiums paid; and Interest you […]

Posted in Tax