Following BAR’s persistence to arrange a meeting with HMRC, the date of January 30th has been agreed. BAR has placed a great many technical and operational observations before HMRC and hopes to achieve a workable solution to the hurriedly arranged change to ToR regulations.
An update will be issued as quickly as possible following the meeting. Whilst BAR cannot alter the legislation, it is hoped that by constructive engagement with HMRC, we can better understand the legislation and compliance that HMRC require of our industry and that they better understand the impact on a worldwide industry.
We will update you all again in due course.
BAR Overseas Group Chairman