HMRC gives 'last opportunity' to settle offshore tax score

The NDO is designed to be the last opportunity for people to make a complete and accurate disclosure between 1 September 2009 and 12 March 2010, qualifying for a 10% penalty, or face the risk of jail. Those who shun the chance and are subsequently found to have undeclared tax liabilities are likely to face a penalty of between 30% and 100% of unpaid tax, plus run the risk of criminal prosecution, warns HMRC. Customers will be able to contact HMRC on paper or through a dedicated area on the website. The penalty rate of 10% will also apply to those who were not contacted by HMRC unde...