I have received a rather rude letter from HMRC accusing me of not declaring foreign income/gains. This is a mystery to me, as for over twenty years I have sent all my papers to my UK accountant to interpret. Accompanying the letter is a questionaire giving four options to tick.
My accountant has suggested I reply by letter to avoid accidentally making a false declaration, but has not suggested the text of such letter.
Any thoughts?
1.) I need to bring my tax affairs up to date.
2.) I believe I have declared all my overseas income & gains. This further asks what tax year, and in what box was it entered.
3.) I have not declared them as they are covered by personal allowance
4.) I have not declared them as they are not liable to UK tax.
2.) I believe I have declared all my overseas income & gains. This further asks what tax year, and in what box was it entered.
3.) I have not declared them as they are covered by personal allowance
4.) I have not declared them as they are not liable to UK tax.
My accountant has suggested I reply by letter to avoid accidentally making a false declaration, but has not suggested the text of such letter.
Any thoughts?
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