HMRC is reported to have received details of up to several thousand UK-resident individuals who hold accounts with HSBC in Jersey. The information, thought to have been leaked by a whistleblower, includes names, addresses and account balances. The Telegraph (8 November) reports that the list ‘identifies 4,388 people holding £699 million in offshore current accounts and they are also likely to have billions of pounds more in investment schemes. Several celebrities and other well-known figures are understood to be identified in the client data.’
In response to the revelations, an HMRC spokesperson said, ‘Clamping down on those who try to cheat the system through evading taxes and over claiming benefits is a top priority for us and we value the information we receive from the public and business community.’
The Financial Times (9 November) noted that ‘the leaked information is understood to relate to only a fraction of the total Jersey client list for the business, which, according to two people close to the situation, is approaching 100,000’.
HMRC is reported to have received details of up to several thousand UK-resident individuals who hold accounts with HSBC in Jersey. The information, thought to have been leaked by a whistleblower, includes names, addresses and account balances. The Telegraph (8 November) reports that the list ‘identifies 4,388 people holding £699 million in offshore current accounts and they are also likely to have billions of pounds more in investment schemes. Several celebrities and other well-known figures are understood to be identified in the client data.’
In response to the revelations, an HMRC spokesperson said, ‘Clamping down on those who try to cheat the system through evading taxes and over claiming benefits is a top priority for us and we value the information we receive from the public and business community.’
The Financial Times (9 November) noted that ‘the leaked information is understood to relate to only a fraction of the total Jersey client list for the business, which, according to two people close to the situation, is approaching 100,000’.
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