This leaflet explains what the Requirement to Correct is and what you should do if you have:
- income or assets overseas that you have not told HMRC about
- transferred income abroad without paying UK tax on it
It will also help you to understand:
- why you should bring your tax affairs up to date before 30 September 2018
- what you need to do to bring your tax affairs up to date in line with the Requirement to Correct
You can read the Requirement to Correct tax due on offshore assets guidance if you need more information.