HMRC’s requirement to correct (RTC) legislation is by now well known to advisers. However, it is not without its controversies.
Jeff Millington, the newly appointed tax investigations director at Withers, interviewed Graham Davies, senior policy adviser in the Centre for Offshore Evasion Strategy at HMRC, about RTC and its impact, as well as offshore no-compliance legislation more generally at the annual Transcontinental Trusts conference held in Geneva earlier this month.
Mr Davies be...