offshore tax

Credit Suisse helped thousands of its US customers conceal their Swiss accounts and avoid billions of dollars in American taxes, a new report has alleged.

The government has signed agreements to automatically share tax information with Guernsey and Jersey as part of an effort to stop people hiding money offshore.

More than £2bn in unpaid tax remains to be collected from offshore trusts that companies unlawfully used to allow employees to minimise income tax, according to HMRC.

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HMRC will be tougher with people who make mistakes in paperwork when using the Liechtenstein Disclosure Facility (LDF) for settling tax liabilities, accordin