Harnett Accountants Chiswick brings you this article from the BBC Business News website, reporting that the government is on track for its target to raise £4bn in the crackdown on tax avoidance.
“The government is “on track” to raise £4bn this year via schemes to crack down on tax dodgers, Chief Secretary to the Treasury Danny Alexander will say.
The Lib Dems have pledged to raise £9bn by tackling tax avoidance by 2015.
Mr Alexander will promise to get more from the “small minority of wealthy people who don’t play by the rules”.
The number of staff dealing with tax-evasion in Liechtenstein will be doubled as part of a crackdown on those “hiding” assets in offshore havens.”
Source: full article
The government has offered a deal to those coming forward voluntarily over unpaid taxes that extra penalties will not be higher than 10% of the tax due. This is part of a wider crackdown on the 5000 or so UK investors thought to have secret accounts in offshore tax havens.
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