HM Revenue and Customs (HMRC) confirmed today that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.

HMRC press release here

HMRC has launched yet another tax disclosure opportunity, this time for Health and wellbeing professionals.

Taxpayers can report undeclared income if they work in a health and wellbeing profession such as:

Those with no profits chargeable to tax (under Chapter 2, Part 2 ITTOIA 2005) or profits below the new Small Profits Threshold (equivalent to the current Small Earnings Exception level) will no longer have to apply in advance for an exception from paying Class 2 NICs. Instead they will have the option to pay Class 2 NICs voluntarily at the end of the year as liability will not automatically arise.