HMRC caps offshore penalty at 10%

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HMRC caps offshore penalty at 10% - Accountancy Age.

The new tax amnesty has a 10% tax rate - but not for the customers of the Big 5 banks covered by the previous one.

Of course Jersey, Guernsey and the Isle of Man say there is no evasion there.

Doesn't look like HM Revenue & Customs ageree to me.

Time will tell.

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