Policy paper
Tackling offshore evasion: requiring financial intermediaries and tax advisers to notify their customers
This tax information and impact note applies to financial institutions, tax advisers and other professionals that may be aware of, or may have given advice in respect of, an offshore account.
Documents
Details
Under this measure the government will take a power in legislation under which financial intermediaries, tax advisers and other professionals will be required to notify their customers or clients with targeted and effective messages that help to make sure that they are aware of the new information arrangements and that they disclose any offshore tax liabilities.