Savers stashing money offshore to avoid paying tax have been warned the "game is up" by HMRC as the Government mulls more measures to prevent tax avoidance, according to reports.
Dave Hartnett, top taxman at HMRC, says "huge" breakthroughs in his department in recent years, including the collection of data from the previous tax amnesty, will help HMRC track down UK citizens dodging tax, the BBC reports. He says: "The game is fundamentally up," but concedes it is "not comprehensively over just yet". Hartnett believes the New Disclosure Opportunity (NDO), designed to encourage offshore account holders to settle any tax issues, could raise much more than the £500m predicted over the next four years and produce a "wall of data". The Revenue raised £450m from th...
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