The Requirement to Correct (RTC) is a policy introduced by HM Revenue and Customs (HMRC) in the United Kingdom to encourage individuals and companies to disclose any offshore tax non-compliance. The RTC applies to individuals and companies who have undeclared offshore income or gains and who have not disclosed those income or gains to HMRC.

Under the RTC, individuals and companies with undeclared offshore income or gains must disclose those income or gains to HMRC by a certain date, or they may be subject to penalties and interest. The RTC applies to a wide range of offshore assets and income, including offshore bank accounts, investments, and property.

The RTC is intended to encourage individuals and companies to come forward and disclose any offshore tax non-compliance, rather than waiting for HMRC to discover the non-compliance through other means. If you have any questions about the RTC or need help with your tax affairs, you may want to consult with a tax professional or lawyer.