Watch Out Overseas Account HMRC’s About
The assault against suspected tax dodgers continues… Accountacny Age reports that the Revenue has won the right to demand compulsory disclosure notices against hundreds of banks and financial services providers in the UK which means that: From today the taxman has the power under Schedule 36 of the Finance Act to force 308 financial institutions to surrender information on clients with UK addresses holding offshore interests. According to David Daly, Tax Investigations Partner at Horwath Clark Whitehill, failure by people who have undeclared …
The assault against suspected tax dodgers continues…
Accountacny Age reports that the Revenue has won the right to demand compulsory disclosure notices against hundreds of banks and financial services providers in the UK which means that:
From today the taxman has the power under Schedule 36 of the Finance Act to force 308 financial institutions to surrender information on clients with UK addresses holding offshore interests.
“would be madness.”
