You tube tax warning
(BBC): The taxman has taken to social networking for the first time to warn people to come clean about offshore bank accounts. Dave Hartnett, permanent secretary for tax at HM Revenue and Customs (HMRC), has posted a video warning about tax dodging on YouTube. HMRC is running its second disclosure initiative calling on people to settle their tax bill. It is not illegal to have offshore accounts, but anyone who receives savings and investment income from abroad needs to declare it on their tax return the video reveals.
Category: Business
