Offshore savers misled by advisers will dodge fines

HMRC says individuals "misled" by financial professionals will not have to pay fines as part of the New Disclosure Opportunity, designed to claw back unpaid taxes by savers with money and assets offshore, the BBC reports. The tax man will also not fine those who can point to a bereavement or serious illness as an "innocent error" in failing to settle their tax affairs with HMRC. However, those simply ignorant of tax laws will still face a penalty, it warns. HMRC has urged people with an offshore account who have not paid tax on incomes to rectify their tax bill or face the conseque...