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Accountants to help design new tax disclosure facility

Posted by AccountingWEB in Tax on Tue, 11/11/2008 - 19:42

There have been rumours that HMRC will shortly be launching Offshore Disclosure Facility (ODF) Mark II, on similar terms to the previous ODF. This plan has been widely criticised; why should disclosure second time around be on the same terms as the first?

It is now confirmed that a new ODF is forthcoming – to allow the facility of voluntary disclosure to the customers of a new tranche of financial institutions.

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