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Non disclosure opportunity

HMRC has announced that it has extended its deadline from 30 November to 4 January 2010.

As previous blogs and press coverage have indicated, there is an opportunity for people who think they may have undisclosed tax liabilities from offshore sources to make a full disclosure to HMRC now with a fixed penalty.

Originally to take advantage of this scheme, you had to notify your intention to disclose by 30 November but this has now been extended to 4 January. The HMRC website contains further detailed information or you can call us if you think you may be affected.

We will be blogging on SME Plus Blog and Tax Plus Blog on Pre-Budget Report day.  If you do not already subscribe to our blogs click here for SME Plus Blog or here for Tax Plus Blog to ensure you get our comment and analysis as and when it happens.

 

 

Date: 7th December, 2009
Author: Lisa Spearman

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