A crackdown on offshore bank accounts has been extended to private banks, financial advisers and bui...
A crackdown on offshore bank accounts has been extended to private banks, financial advisers and building societies. HM Revenue and Customs (HMRC) called together representatives from 120 institutions last month to discuss how it can access details on offshore accounts, in order to identify unpaid taxes. It follows an 'amnesty' earlier this year in which 60,000 people declared unpaid taxes after HMRC offered offshore bank account holders the chance to take advantage of reduced penalties. Dave Hartnett, director general of HMRC, hosted last month's meeting in which representatives were as...
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