Tax amnesty deadline looms

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.

& Williamson
national tax director Richard Mannion said that
many had failed to take the opportunity to declare funds hidden offshore,
reported the

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.

Further reading:

PBR 09: Offshore account holders
urged to disclose

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