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  1. Wealth
October 9, 2008

HMRC prolongs tax haven disclosure period

By Spear's

Revenue & Customs is planning to offer UK taxpayers a second chance to make disclosures on their offshore bank accounts.

Revenue & Customs is planning to offer UK taxpayers a second chance to make disclosures on their offshore bank accounts as part of its crackdown on tax evasion, the Accountancy Age publication reported.

HMRC, which is still seeking a first criminal prosecution over offshore tax evasion, told tax experts and accountancy institutes of its plans for a second tax amnesty at a meeting earlier this week, it said.

For further details visit thewealthnet

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