Offshore tax dodgers are being warned they have one final chance to come clean, or face the consequences, in a YouTube video posted 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 … Continue Reading