Income Tax: Offshore bank accounts: disclosure procedure for taxpayers | Practical Law

Income Tax: Offshore bank accounts: disclosure procedure for taxpayers | Practical Law

HM Revenue & Customs has introduced a procedure under which taxpayers with undisclosed income from offshore bank accounts can disclose their undeclared liabilities and obtain certainty of treatment.

Income Tax: Offshore bank accounts: disclosure procedure for taxpayers

Practical Law UK Legal Update 9-364-5994 (Approx. 3 pages)

Income Tax: Offshore bank accounts: disclosure procedure for taxpayers

by Norton Rose
Published on 29 May 2007
HM Revenue & Customs has introduced a procedure under which taxpayers with undisclosed income from offshore bank accounts can disclose their undeclared liabilities and obtain certainty of treatment.