chartered accountants kent and corporate finance london
management consultancy kent
management accounting kent
financial reporting kent
corporate finance kent
tax planning kent
forensic accountants kent
auditing firm kent
company secretarial service kent
bookeeping service kent
management accounting kent


Offshore tax cheats beware: HM Revenue & Customs (HMRC) has launched a new specialist unit to target individuals who hide money in overseas accounts.

The Offshore Co-Ordination Unit (OCU) combines offshore analysts, technical tax experts and experienced investigators, who will oversee and co-ordinate HMRC’s compliance work to identify and pursue those who hide income and capital in offshore accounts to avoid UK tax and duties.

The unit will look to fully exploit the increasing amount of offshore information at HMRC’s disposal, including bank account data. They will then use this intelligence to develop innovative new ways of tackling offshore tax evasion.

The OCU will continue to build on the success of HMRC’s Liechtenstein Disclosure Facility (LDF) and co-ordinate the recently announced activity in relation to HSBC Geneva account holders. It will also implement the operational aspects of the recently signed tax agreement between Switzerland and the UK, which is expected to raise billions of pounds for the UK.

Exchequer Secretary to the Treasury, David Gauke, said: “The days when untaxed income or capital could be safely salted away offshore, beyond the reaches of the taxman, are long gone.

“The launch of this specialist unit, together with the other valuable work the department is driving forward in an effort to tackle offshore evasion, underlines the fact that offshore tax cheats are fast running out of places to hide.”

• if you have a question about this story, or any other tax-related matters, contact us on 01227 454627 or email



Top 10 worst excuses for late tax returns

Wise move to Sage 50 Accounts Essentials

Auto-enrolment – a beginner’s guide

Succession planning seminar


Autumn Statement: devil is in the detail

Benefits cut steals headlines in Autumn Review

National Minimum Wage to increase from October 1

HMRC simplifies payroll end of year submissions


HMRC targets solicitors in new campaign

Six April 6 Employment Law updates

BH raises £4,500 for Martha Trust

BH warning about Companies House scam