HMRC are looking for your overseas assets, income or gains

In March 2021, another round of nudge letters have been issued.  This time they are following up on the information they have been supplied under the Common Reporting Standard (CRS).  Other than saying “we have information … … …”, HMRC don’t tell you what they know or rather suspect.  Yes HMRC has information on overseas assets – but is simple ownership leading to a tax liability?