News
First of September revealed as amnesty date for overseas account holders
09 July, 2009
Permanent secretary for tax at HMRC, Mr. Dave Hartnett, has confirmed a national campaign that will include newspaper advertising to promote the new amnesty - otherwise known as the NDO (new disclosure order). While he would not confirm the amount, he said that there was a budget allocated for this purpose.
The 1st September has been confirmed for the second amnesty in which the HMRC will try to persuade people with offshore bank accounts to declare income earned as interest.
Taxpayers will able to submit paper disclosures as from the 1st September until the end of January, and those making online disclosures will have from the 1st October to the middle of March to submit their notice of unpaid tax.