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UK Publishes Guidance on Worldwide Disclosure Facility

|Approved Changes|United Kingdom
United Kingdom

UK HMRC has published guidance on the new Worldwide Disclosure Facility, which was launched on 5 September 2016 along with a new Digital Disclosure Service for registration purposes. The facility is in relation to the UK's adoption of the OECD Common Reporting Standard (CRS) and allows taxpayers to come forward and disclose a UK tax liability that relates wholly or in part to an offshore issue,…

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