HMRC targets banks in tax amnesty - Spear's Magazine

HMRC targets banks in tax amnesty

About 25 banks which are key private client players in Britain are being targeted by the HMRC tax agency for the launch of its second tax amnesty, officially known as the offshore disclosure facility (ODF).

About 25 banks which are key private client players in Britain are being targeted by the HMRC tax agency for the launch of its second tax amnesty, officially known as the offshore disclosure facility (ODF).

This is expected by be unveiled later this month, offering an amnesty to investors in return for their volunteering of how much they hold offshore. The word is that any fixed penalty under a second ODF would be pitched at 20 percent of the sums involved.

For further details, visit thewealthnet
 



 

FOLLOW US ON