Tax Amnesty

wamstax · Postby **wamstax** » Tue Apr 17, 2007 5:10 am

Do we have any disclosures to make to HMRC regarding your offshore bank account. You can get a 10% penalty and you don't need an offshore bank account to qualify for similar treatment?
regards
bill@wamstaxltd.com
http://www.wamstaxltd.com

adi36 · Postby **adi36** » Tue Apr 17, 2007 5:20 am

Is this a question or an answer!? Can you be a little more specific and provide some background so we can respond please. Regards Adrian S

wamstax · Postby **wamstax** » Tue Apr 17, 2007 5:41 am

reading the HMRC note https://disclosures.hmrc.gov.uk/oaics/I ... on=FQ_01#6

this am leads me to think that if an enquiry has been started by HMRC but the client has not had an opportunity to disclose then this would fall within the same parity of treatment. Do others agree?
The note suggests that the online offshore disclosure facility will not apply to enquiries already begun but surely if HMRC have not yet given the client the opportunity to disclose then full disclosure and full cooperation should achieve parity of treatment and a 10% penalty.
regards
bill@wamstaxltd.com
http://www.wamstaxltd.com

adi36 · Postby **adi36** » Tue Apr 17, 2007 5:50 am

Hi
I would tend to agree with you, its certainly worth trying to get parity. Regards Adrian S