UK taxman to hit offshore accounts, says Grant Thornton

HMRC is understood to be launching a new probe into offshore account holders by sending out disclosure requests to 25 foreign banks to provide details of UK account holders. Gary Ashford, tax investigations director at Grant Thornton, said: “The Treasury has been progressively tightening the net on offshore accounts for some time and it is now getting to a point that those with money held offshore, whether acting rightly or wrongly, are likely to feel some heat from HMRC in the near future.” It is looking increasingly likely that HMRC will consider introducing another facility for those h...