Brits with Swiss accounts get threatening letters from HMRC

Accountants UHY Hacker Young said many of the recipients of the letters are completely innocent of any wrongdoing, but may suffer unnecessary worry and expense as a result. Taxpayers receiving letters will have 30 days from receiving the letter to make a full disclosure of any tax irregularities. The letters suggest failure to do so could result in a full investigation supported by HMRC's statutory powers. However UHY Hacker Young said the letters also imply taxpayers are already under investigation. According to the firm the letters states: 'We have started an investigation under...