UK taxpayers with undisclosed income from offshore accounts will be invited to reveal their earnings and suffer a limited penalty under HMRC’s New Disclosure Opportunity, which is expected to run from Autumn 2009 until March 2010.
HMRC has begun briefing professional bodies on the new scheme, including the Chartered Institute of Taxation (CIOT), which has welcomed the proposals.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it's free to set up and only takes a minute,
click here to register
Latest questions on
Preparing for 2010/11
- payroll & tax planning advice:
Overseas director and PAYE / NIC
Free downloads
Check out our library of podcasts and tutorials.
