Tax and 'inadvertent imports' - a new concern for advisers

The article offers information on the STEP Annual Tax Conference which features the discussion on concerns related to inadvertent imports for financial advisers. Topics discussed include Her Majesty's Revenue & Customs (HMRC) of Great Britain sought to tighten up restrictions on the use of foreign income or gains as collateral to support borrowing in Great Britain, remmittation of tax return by HMRC and views of John Barnett of law firm Burges Salmon, on the same.