Offshore tax confessions

The Taxman has set up a new contact point for those taxpayers with offshore assets wanting to come clean.

HMRC state the following - “Following recent media publicity it is apparent that some customers or their representatives wish to contact HMRC to make disclosures in respect of assets held offshore, where there may be unpaid duties.

HMRC is anxious to facilitate such approaches, and have set up a single point of contact to handle your queries.”

This move follows a successful court appearance by HMRC which allowed them access to hundreds of thousands of offshore bank account holders.