CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Four More Banks To Be Forced To Disclose Taxpayer Details

Four More Banks To Be Forced To Disclose Taxpayer Details

by Jason Gorringe, Tax-News.com, London

05 February 2007


It emerged last week that four of the UK's high street banks will be compelled to hand over details of their customers' offshore accounts to HM Revenue and Customs.

The ruling in favour of the UK tax authority was delivered by the Finance and Tax Tribunals Special Commissioners, and is reported to pertain to offshore accounts held with HSBC, HBOS, Lloyds TSB, and Royal Bank of Scotland.

It is expected that HMRC will receive around GBP275 million in additional revenue from taxpayers with previously undeclared assets held overseas by the banks in question.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »