Jail Threat for Investors As Tax Net Closes

Summary


HUNDREDS of thousands of investors are facing tough penalties, including jail, after ignoring the offer of an amnesty to declare details of assets held offshore.

More than three million UK citizens are believed to hold accounts and other investments offshore on which they are not paying tax.

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Extract


Jail Threat for Investors As Tax Net Closes

Her Majesty's Revenue & Customs (HMRC) recently acquired powers to force banks and other financial institutions to disclose f...

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