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Offshore Accounts

HMRC has scored two more significant victories in its fight against holders of non-UK bank accounts who fail to comply with their tax obligations, suggests Richard Clarke, tax director, PricewaterhouseCoopers LLP

 
HMRC has scored two more significant victories in its fight against holders of non-UK bank accounts who fail to comply with their tax obligations suggests Richard Clarke tax director PricewaterhouseCoopers LLP
 
HMRC v Financial Institution (No ) SpC 536 is the follow-up to a previous hearing involving the same bank and which was reported in the February update. HMRC had produced vidence to show that credit card customers with UK addresses whose cards were linked o offshore bank accounts mainly in the Channel Islands and the Isle of Man had very poor compliance records. It seemed that of...

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