Revenue wins again in offshore battle
Offshore bank account net tightens
A London stockbroker has been forced to give HM Revenue & Customs access
to the private details of 33 clients following another legal ruling.
The order against the unnamed stockbroker, revolves around share dealing on
the London stock market carried out through a company based abroad following a
ruling made by a special tax commissioner in private hearings
As the HMRC continues to crackdown on offshore accounts, the latest ruling
was the third legal judgement in its favour, the Mail on Sunday
reported.
This follows Barclays bank being ordered to release details of thousands of
its customers with offshore accounts who tax inspectors believe could be using
the accounts to hide income.
About three million UK taxpayers have offshore bank accounts.