Accountancy Age report that Chris Oates of Ernst & Young has said:
The contacts I have across the major accountancy firms indicate that just a few hundred people have actually notified the Revenue that there is tax to pay
Well, that’s hardly surprising. Firstly you’d expect the Big 4 to have their clients under control. Second, if […]
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AccountingWEB has been a having a discussion of tax investigations. This is topical. The UK’s ‘tax amnesty’ will give rise to a fair number, either because the Revenue do not accept voluntary disclosures, or because people who choose not to disclose now will be forced to do so sometime soon.
It seems to me, based on […]
Accountancy Age report that UK accountants PKF have seen evidence that the banks who have made disclosure of offshore bank accounts held by UK resident individuals have also made disclsoure of UK based offshore trusts and companies.
It has been believed until now that the orders issued against the banks excluded this information. However, since money […]
Barclays ‘Head of Wealth Operations’ has been writing to his customers….
To tell them that running an offshore bank account may not always have been such a bright idea after all
So much for ‘wealth operations’. I’m open to suggestions on other appropriate names……….
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The UK’s ‘tax amnesty’ is a big issue for a lot of people. I know because the blogs I’ve written on the issue continue to be very well read. I was therefore interested to read an article by a tax practitioner on AccountingWEB about the letter Barclays have finally sent out to their affected customers […]
A question has been posted on this site. It asks:
I am puzzled by this so called offshore tax amnesty. I have for many years had an offshore savings account as a consequence of working overseas. But I have always declared interest for tax while resident and working in the UK. Yet the impression I am […]
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It’s been widely assumed that the data the Revenue is using as the basis of checking declarations under the UK ‘tax amnesty’ is that supplied to them by the leading five UK banks, secured under what are called s20 notices, i.e. against their will.
Well placed sources, whose information I have no reason to doubt, tell […]
It may have occurred to one or two readers of this blog that the accusation has occasionally been made that I am opinionated. Too true I am, especially when it comes to accountancy practice. In fact, I’m of the opinion that an accountancy practitioner has to be very opinionated indeed. The reason is simple. That’s […]
My blog on the letter I’ve sent to my clients on the ‘tax amnesty’ has proved popular. Actually, that’s a massive understatement, which simply proves the point I’ve made that what accountants want in situations like this is plain straightforward advice and help with practical issues, not someone arguing the legal points about what HMRC […]
I mentioned earlier today that I felt the combined tax institutes advice to their members on how to deal with HMRC’s ‘tax amnesty’ was ‘pathetic‘. In particular I thought the letter they suggested be sent a client missed the required target by a mile.
So, in a spirit of goodwill I’ll tell you this is what […]
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