Taxflash: one last chance for offshore tax evaders

HMRC gets tough on tax evaders with undeclared offshore income and launches final opportunity for offenders to get their tax affairs in order.

This is the fourth opportunity taxpayers have been given to disclose their offshore income and as such, unlike its predecessors the Offshore Disclosure Facility, New Disclosure Opportunity & Liechtenstein Disclosure Facility, there are no favourable terms for those taking it up. Full tax on all years will be payable, along with interest and penalties.

Download our taxflash for an overview of HMRC’s  recent clampdown.