Offshore

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

Last year's Pre-Budget Report highlighted issues affecting the offshore market. Luanne Ahearne takes a look at the changes

Offshore sales at Norwich Union International, Aviva's Dublin-based offshore business, have increased 60% to £521m, according to the provider's annual results.

Advisers have seen a 30% fall in requests for mortgage advice during the final quarter of 2007, according to Unbiased.co.uk.

Her Majesty's Revenue and Customs (HMRC) is set to launch a second offshore amnesty after overestimating the amount it would recover from its first tax reprieve scheme, according to Grant Thornton.

People with Euro offshore savings accounts should review their interest rate as there is a growing disparity between European Central Bank (ECB) rates and offshore savings rates, according to Investec.

Sales of offshore products in the UK are set to rise over the next year, according to research by Skandia.

For many, offshore bonds prove a suitable alternative to pensions, with their inherent flexibility and tax efficient features. Christine Hall reviews this growing market

People with UK tax returns can also take advantage of the amnesty issued by HM Revenue & Customs and avoid hefty penalties, according to financial planning firm Barnett Ravenscroft.

Investors in the market for offshore opportunities are struggling to find out what's available because of "paltry" provider websites.