As part of the ground breaking tax agreement between the UK and Switzerland, Swiss banks will inform HMRC by May 31st of the top 10 destinations to which money removed from suspect bank accounts in Switzerland has been sent, says Pinsent Masons, the international law firm.
The Direct Recovery of Debts consultation: HMRC is now consulting on possibly the most terrifying new power ever proposed. It wants to be allowed to recover tax and tax credit debts directly from debtors’ bank accounts. Unsurprisingly, there is a lot of opposition to this proposal, not least because HMRC is considering that debtors once targeted should have no right of appeal.
How to check your PAYE code. PAYE code error, or the wrong PAYE code? How to contact HMRC.
Switzerland, Singapore and India are amongst 47 nations that have agreed on measures which are designed to end banking secrecy.
New sanctions to tackle offshore tax evasion have been announced in April 2014. HMRC has published No Safe Havens 2014, a document that details the progress made in tackling offshore tax evasion, the new actions being taken, and how HMRC intends to exploit data sources better in order to influence behaviour.
Page 176 of 178