Offshore account holders 'may not even notice' NDO

HMRC will launch a New Disclose Opportunity (NDO) in September, designed to collect undeclared tax from offshore bank account holders, but many individuals "may not even notice," warns John Cassidy, tax investigations partner at the firm. He believes it is widely thought the last amnesty, the Offshore Disclosure Facility (ODF) in 2007, was "poorly publicised" by HMRC. The take up rate was "significantly lower than expected," largely because many of the offshore bank account holders potentially affected knew little about it. "Sadly, HMRC spent lots of time and effort putting the ODF...