Aileen Barry and Simon Airey DLA Piper look at the two disclosure opportunities announced in July and August
There has been much speculation in relation to the two voluntary disclosure programmes announced in July and August of this year. Are they amnesties? What are the 'pros' and 'cons'? Why are there two facilities? Which one is preferable for me or my client? This article explores the answers.
Introduction
HMRC formally launched the New Disclosure Opportunity (NDO) on 28 July 2009 for those with a tax irregularity connected to any overseas account or asset. The NDO followed on from their Offshore Disclosure Facility (ODF) instigated by HMRC in 2007. Although the NDO was...
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Aileen Barry and Simon Airey DLA Piper look at the two disclosure opportunities announced in July and August
There has been much speculation in relation to the two voluntary disclosure programmes announced in July and August of this year. Are they amnesties? What are the 'pros' and 'cons'? Why are there two facilities? Which one is preferable for me or my client? This article explores the answers.
Introduction
HMRC formally launched the New Disclosure Opportunity (NDO) on 28 July 2009 for those with a tax irregularity connected to any overseas account or asset. The NDO followed on from their Offshore Disclosure Facility (ODF) instigated by HMRC in 2007. Although the NDO was...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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