The taxman has sent around 30,000 “generic” warning letters to holders of offshore bank accounts obtained with HMRC’s notices to 300 banks: as the deadline looms for the New Disclosure Opportunity (NDO) tax amnesty.
It is thought that these have gone out to account holders at just a few banks of the 308 that HMRC recently served notices on.  These banks (e.g. Citibank) appear to be among the first to pass information over to the taxman. It is likely that many more will follow soon: but possibly after the 30th November deadline for registering with the NDO.  HMRC are so far saying that they will not extend the registration deadline: even for people who did not get warning letters from their banks.

Lynam Tax Enquiry Experts have substantial experience of the first Tax Amnesty (Offshore Disclosure Facility) and the New Disclosure Opportunity and can help you with the registration and the disclosure.

Do not delay.  For a free, private, no obligation consultation, call Paul Lynam today on 0845 643 9997