HMRC

Offshore investors who were wrongly advised and have "accidentally" avoided paying tax will not be hit by fines as part of a Government crackdown.

HMRC has released a podcast to highlight its power to catch and punish tax evaders who ignore the opportunity to settle up any unpaid tax using the New Disclosure Opportunity (NDO).

HMRC has launched a revised version of its 302 page Residence, Domicile and Remittances Manual, including an updated chapter on the remittance basis.

UK building societies, including the Nationwide, and former mutuals have become the latest HMRC targets in a crackdown on offshore accounts, according to newspaper reports.

The FSA has banned and fined a London mortgage broker for submitting false and misleading mortgage applications with massively inflated incomes.

Every bank with a UK presence has been ordered to surrender details of customers holding offshore accounts to HMRC.

Many ill-informed British citizens who have moved outside the UK are getting a surprise tax bill from HMRC as well as their new home.

HMRC has warned its new disclosure opportunity (NDO) will be the final chance for people with unpaid taxes linked to offshore accounts to settle up.

MW Pensions has been revealed as one of the firms being investigated as part of a £2.5m pension tax fraud.

The UK's offshore fund tax rules are changing. Subject to the outcome of a final consultation, with effect from 1 October 2009, offshore funds will be able to elect for ‘reporting fund' status.