Source: HMRC Press Release • Sep 05, 2016 09:50 BST
A new online disclosure facility has been launched giving UK offshore evaders a last chance to come forward and settle tax on their ill gotten gains hidden offshore, ahead of new data sharing arrangements and tougher penalties being introduced.
The Worldwide Disclosure Facility (WDF) is the final chance for those few still dragging their feet to put things right with any outstanding tax on undeclared offshore money or assets.
Jennie Granger, HMRC, Director General of Enforcement and Compliance, said: “HMRC is getting even tougher on tax evasion. We relentlessly pursue tax evaders to ensure they pay every penny of the taxes and fines they owe, pushing for the toughest possible sanctions where appropriate.”