HMRC campaign on offshore account holders
HMRC’s new campaign has been running in the press since late February. The Chancellor said: ‘The UK government is on the side of the hardworking majority of people and companies who pay the tax they owe. By taking global action to reform the system alongside a tough approach to enforcing the law at home, we will close the net on those who think they do not have to play by the rules. This is a victory for Britain’s international agenda and the fight against wrong doing.”
HMRC is looking at more information that help it to target offshore tax cheats more effectively. The message from HMRC is that if you have assets offshore you need to get in touch with HMRC because HMRC will catch you and claim tax, interest and penalties or even impose a prison sentence.
Date: 28th March, 2014
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