HMRC hounds offshore investors to whistleblow on advisers

In a letter sent this week and seen by IFAonline, HMRC says it would like to "understand more" about how offshore accounts are used by people in the UK. But sources close to HMRC say the real motive of the letter is to find out how offshore products are being sold and if financial advisers are colluding in tax avoidance. The letter was sent to all investors who made a voluntary disclosure in 2007 using the Offshore Disclosure Facility and included details of bank accounts held outside the UK. It states: "We would like to ask you a few short questions about how you opened, operated ...