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Legal professional privilege and HMRC notices to data holders

Legal professional privilege and HMRC notices to data holders
Published on: 24 January 2017
Published by: LexisPSL
  • Legal professional privilege and HMRC notices to data holders
  • What is the issue?
  • What are HMRC's powers to gather data?
  • What are the purposes for which HMRC may use its data-gathering powers?
  • What should firms do if they are contacted by HMRC?

Article summary

Practice compliance analysis: The Law Society has expressed concerns about the legal professional privilege implications of a letter that firms advising clients on the establishment of offshore companies or trusts may shortly receive from HMRC. HMRC will be seeking information about beneficial ownership or interests of such offshore trusts and companies using its powers to gather data in Schedule 23 to the Finance Act 2011. or take a trial to read the full analysis.

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