Advisers are urging offshore account holders not to hang back if they want to
avoid missing out on the government’s tax amnesty.
HMRC’s New Disclosure Opportunity kicked off at the beginning of the month
alongside the Liechtenstein Disclosure Facility.
Dawn Register, senior manager in Tax Investigations at BDO Stoy Hayward said:
“They have a very short time period to make their disclosures and qualify for
the amnesty by the end of 30 November.”
The Liechtenstein agreement has easier terms than the NDO. One major
difference is that the Liechtenstein deal restricts any disclosure to a maximum
of only 10 years, unlike the 20 years of the NDO, which has caused controversy.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals