HM REVENUE AND
CUSTOMS News Release (NAT 27.07) issued by The Government News
Network on 17 April 2007
HMRC has today
announced arrangements enabling investors with offshore accounts
to disclose to HMRC any income and gains not previously included
in their tax returns. Details of the arrangements are available at
https://disclosures.hmrc.gov.uk or by calling 0845 302 1401.
Notes for editors
1. Using statutory powers, HMRC has obtained from various
financial institutions details of offshore accounts and credit
cards held by UK residents.
2. To use these arrangements, investors will need to notify HMRC
by 22 June 2007 of their intention to make a disclosure and then
make their disclosure by 26 November 2007.
Issued by HM Revenue & Customs Press Office