Offshore and expat tax crackdown by HMRC gains traction

HMRC has warned that time is running out for expats and taxpayers with offshore accounts and investments who have not declared their interests to the tax man. Financial advisers who have referred a client to an overseas financial institution or pointed them towards offshore advice or services must declare the information to HM Revenue & Customs by the end of this month. At the same time, an adviser who has suggested clients take offshore advice or services since April 5, 2015 must warn them that HMRC has new powers to discover information about offshore cash and investments, Money Int...