From The BBC:
More than 300 UK and foreign banks have been told to hand over details of UK taxpayers who have accounts offshore.The order was made by the Tax Chamber, the newly established tribunal designed to resolve tax disputes. The HMRC is about to launch a second offer to people to confess if they have been hiding untaxed money abroad. The decision of the tribunal means that if these people do not do so, the Revenue will be able to identify them, and their accounts, anyway. “Today we have successfully applied to get information on the offshore accounts and assets of customers of over 300 further banks,” said Dave Hartnett, Permanent Secretary for Tax at HM Revenue & Customs (HMRC). “I urge any of them who have unpaid tax liabilities connected to these accounts now or in the past to come forward and make a full disclosure during the NDO because we will use the information provided by the 300 banks to pursue those people who continue to flout the UK’s tax laws,” he said. This week the UK gove…
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