Suspected Tax Avoidance

  

In November 2022 , Overseas companies which owned non residential property in the UK were required to register with Companies House.

The initial prompt led to many registrations and it might be fair to assume that those overseas interests which did so were probably compliant in the vast majority of their dealings.

Of course , HMRC have had access to the register & are trawling through with the intention of identifying some who do not fully comply with their UK tax obligations.

Two things arise here-

 (1) some companies on that register are not paying UK tax when perhaps they should 

(2) given the volumes involved, there are many who have not registered and almost certainly are avoiding payment of UK tax

HMRC are, it seems, now writing out to those it knows from the list & to some which are not but where HMRC has good grounds to believe  that tax avoidance is at play.

Follow up letters are apparently being now sent out with the intention of collecting in tax properly due to the Treasury.