The taxman could be looking to recoup £2bn in unpaid tax from offshore
savers, according to an estimate by PricewaterhouseCoopers.
HM Revenue & Customs’ second ‘tax amnesty’ will target around 500 UK and
foreign banks, with the taxman having recently won the right to access four
unnamed financial institutions to details of UK resident customers with offshore
‘Using the estimate of tax lost in these new Special Commissioners’ decisions
and applying it across the population of 500 or so institutions that HMRC is
engaged with, it is estimated that HMRC will recover more than £2bn in unpaid
tax in this second and final amnesty,’ Stephen Camm, tax partner, PwC.
The amnesty, or New Disclosure Opportunity, will run until March 2010.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy