off-shore tax dodgers

 In-line with the US government, The British government warned Offshore tax dodgers they have one final chance to come clean, or face the consequences, in a hard-hitting YouTube video launched 3rd November 2009 by HM Revenue & Customs (HMRC).

In the two-minute video, Dave Hartnett, HMRC's Permanent Secretary for Tax, warns that anyone with undeclared offshore bank accounts who doesn't come forward under HMRC's New Disclosure Opportunity (NDO) will face much
higher penalties and even criminal prosecution.

Dave Hartnett says:

"For some people, offshore bank accounts and tax havens typically conjure up images of exotic and far away places, well out of the reach of the taxman at home. Well, life's just not like that any more. And here's a blunt message from HM Revenue & Customs: times have changed. The taxman now has more powers and more information."

And if you think you can ignore this opportunity, Mr Hartnett says "you're burying your head in the sand".

Issuing a reminder about the notification deadline, he makes it clear that people must do it now, "because there won't be another chance".

The video is available to view now by visiting the YouTube website at www.youtube.com and searching for "HMRC NDO".

come on Ron, own up before you get your coller felt, LOL! 

If it were the case I'd be very happy to oblige Michael. The reckon the only reason that my collar might be felt would be by the Labour Party trying to shake yet more cash out of me on the doorstep, before the election that they are going to lose! Lol

Sorry Michael couldn't resist, but your post highlights a problem that does need to be addressed in my opinion, and if a certain person (one time good friend of mine) still living in Monaco gets to read this I say, serve's you right, thought you were smart didn't you? Well HMRC is only the start of your judgement, you have at least one more to come and you won't escape that!