Tax amnesty deadline looms
Offshore account holders have until the end of play today to declare untaxed funds
As the offshore accounts tax amnesty deadline ends today, only a “smattering
” of the 20,000 UK residents thought to be hiding untaxed funds have come clean.
Fines are limited to 10% of unpaid tax on funds transferred into the accounts
over the past 20 years – however serious cases could be prosecuted.