HMRC

Many offshore bank account holders could risk penalties for ignoring HMRC's New Disclosure Opportunity (NDO) its poor promotion of the tax amnesty, says leading accountancy firm, PKF.

The Chartered Institute of Taxation (CIOT) has welcomed HMRC's release of details of the forthcoming New Disclosure Opportunity (NDO).

The identities of thousands of UK residents with offshore accounts will be revealed as HMRC's drive to clamp down on tax evasion steps up a gear.

Lichtenstein will bow to pressure to curb its bank secrecy laws and embrace exchange of information in a bid to combat tax evasion and fraud.

Convicted £38m carousel fraudster Raymond Woolley has been extradited from Switzerland due to a Revenue and Customs Prosecutions Office (RCPO) investigation.

HM Revenue & Customs (HMRC) has launched an IHT clampdown, targeting taxpayers who have made gifts prior to death and scrapping the 60 day limit, warns accountancy firm Dixon Wilson.

The taxman believes up to 60,000 Britons could be caught by its ongoing offshore bank account probe, The Telegraph reports.

HM Revenue and Customs (HMRC) is set to contact around 5,000 offshore account holders to request a formal declaration of their account details.

HMRC will crackdown on UK residents using Liechtenstein bank accounts for tax evasion.

An internet crash has forced HM Revenue and Customs to extend the self- assessment deadline by 24 hours.