HMRC launches podcast to scare tax evaders

Dave Hartnett, HMRC's permanent secretary for tax, has warned anyone who fails to come forward under the NDO will face an increased risk of prosecution. He says the likelihood of being caught is great, due to the vast amount of information HMRC has to scrutinize offshore accounts. Under the NDO, people making a complete and accurate disclosure of their untaxed offshore liabilities between 1 September and 12 March 2010 will have any penalty capped at 10%, or 20% if they failed to take up a written offer of a capped penalty under HMRC's 2007 Offshore Disclosure Facility (ODF). Hartne...