Crackdown on UK tax dodgers launched
Sep 25th 2010, 6:43 pm
#1
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Crackdown on UK tax dodgers launched
Hundreds of wealthy taxpayers have been sent letters by HM Revenue & Customs (HMRC) over possible large-scale tax evasion.
It is understood that most of the letters relate to offshore bank accounts held at HSBC in Switzerland after HMRC acquired a list of well-off individuals with accounts at the bank.
The letters sent out are known as Code of Practice 9 and advise the recipients that HMRC will investigate any situation of suspected serious tax fraud.
An HMRC spokesman said: "The days of hiding money offshore to evade tax are now over."
The news comes after the coalition Government announced a crackdown on tax avoidance.
Deputy Prime Minister Nick Clegg warned that the coalition would come down "as hard on tax cheats as on benefit cheats". Tax evasion is estimated to cost the Treasury £7 billion each year in uncollected revenues, and avoidance the same again.
http://itn.co.uk/acc02efe9597331d2974d39e81d12fc6.html
It is understood that most of the letters relate to offshore bank accounts held at HSBC in Switzerland after HMRC acquired a list of well-off individuals with accounts at the bank.
The letters sent out are known as Code of Practice 9 and advise the recipients that HMRC will investigate any situation of suspected serious tax fraud.
An HMRC spokesman said: "The days of hiding money offshore to evade tax are now over."
The news comes after the coalition Government announced a crackdown on tax avoidance.
Deputy Prime Minister Nick Clegg warned that the coalition would come down "as hard on tax cheats as on benefit cheats". Tax evasion is estimated to cost the Treasury £7 billion each year in uncollected revenues, and avoidance the same again.
http://itn.co.uk/acc02efe9597331d2974d39e81d12fc6.html
Dec 17th 2010, 4:28 pm
#2
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Joined: Oct 2010
Posts: 37
Re: Crackdown on UK tax dodgers launched
Hi, I am new to this forum. just secured a teaching position in Al Ain for Jan 2011. so getting ready to move in a few weeks now. I was wondering if still have to pay UK tax whilst there. I still have a UK mortgage to fund. One of the lesser reasons to move there is make some extra cash as things had got really tight here in London. Do I need to fill out any forms to exempt myself before the tax office comes chasing? any help will be most appreciated. thanks
Hundreds of wealthy taxpayers have been sent letters by HM Revenue & Customs (HMRC) over possible large-scale tax evasion.
It is understood that most of the letters relate to offshore bank accounts held at HSBC in Switzerland after HMRC acquired a list of well-off individuals with accounts at the bank.
The letters sent out are known as Code of Practice 9 and advise the recipients that HMRC will investigate any situation of suspected serious tax fraud.
An HMRC spokesman said: "The days of hiding money offshore to evade tax are now over."
The news comes after the coalition Government announced a crackdown on tax avoidance.
Deputy Prime Minister Nick Clegg warned that the coalition would come down "as hard on tax cheats as on benefit cheats". Tax evasion is estimated to cost the Treasury £7 billion each year in uncollected revenues, and avoidance the same again.
http://itn.co.uk/acc02efe9597331d2974d39e81d12fc6.html
It is understood that most of the letters relate to offshore bank accounts held at HSBC in Switzerland after HMRC acquired a list of well-off individuals with accounts at the bank.
The letters sent out are known as Code of Practice 9 and advise the recipients that HMRC will investigate any situation of suspected serious tax fraud.
An HMRC spokesman said: "The days of hiding money offshore to evade tax are now over."
The news comes after the coalition Government announced a crackdown on tax avoidance.
Deputy Prime Minister Nick Clegg warned that the coalition would come down "as hard on tax cheats as on benefit cheats". Tax evasion is estimated to cost the Treasury £7 billion each year in uncollected revenues, and avoidance the same again.
http://itn.co.uk/acc02efe9597331d2974d39e81d12fc6.html
Dec 18th 2010, 11:14 pm
#3
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Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Crackdown on UK tax dodgers launched
Hi, I am new to this forum. just secured a teaching position in Al Ain for Jan 2011. so getting ready to move in a few weeks now. I was wondering if still have to pay UK tax whilst there. I still have a UK mortgage to fund. One of the lesser reasons to move there is make some extra cash as things had got really tight here in London. Do I need to fill out any forms to exempt myself before the tax office comes chasing? any help will be most appreciated. thanks
http://financialuae.wordpress.com/20...ritish-expats/
Dec 19th 2010, 12:41 am
#4
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Re: Crackdown on UK tax dodgers launched
Maybe. To save (me) time, just have a look at this link & get back to me if you have any questions.
http://financialuae.wordpress.com/20...ritish-expats/
http://financialuae.wordpress.com/20...ritish-expats/
Merry Christmas!
Dec 19th 2010, 2:11 am
#5
Forum Regular
Joined: Oct 2010
Posts: 37
Re: Crackdown on UK tax dodgers launched
big thanks. useful info.
Maybe. To save (me) time, just have a look at this link & get back to me if you have any questions.
http://financialuae.wordpress.com/20...ritish-expats/
http://financialuae.wordpress.com/20...ritish-expats/
