NDO start date 'red-herring', says adviser
The real start of tax amnesty drive is tomorrow as individuals with undeclared offshore income can make online disclosures
HMRC’s crackdown on tax dodgers starts in earnest tomorrow as people are
given the chance to make online notifications.
The clampdown offically kicked off a month ago on 1 September as the New
Disclosure Opportunity went live, but this was only open to those wanting to
notify the taxman by post.
Advisers have now renewed calls for people not to hang back from making
disclosures.
“The September start date is a bit of a red-herring,” said John Cassidy, tax
investigations partner at PKF.This refers to paper disclosures. The revenue
expects most people to apply online for which the start date is 1 October,”
Those with undeclared offshore income must notify HMRC by 30 November 2009 of
their intention to make a disclosure.
Taxpayers can then disclose and pay by post until 31 January 2010
and online until 12 March 2010.
Advisers say individuals have been slow in coming forward and urged people to
clarify their positions to avoid getting caught out.
Further reading:
Clock
is ticking on NDO warns adviser
