(BBC): Nearly 10,000 people have come forward to the tax authorities in Britain to declare they have money hidden in offshore bank accounts. UK taxpayers had until 1700 GMT on Monday to tell HM Revenue and Customs (HMRC) that they were planning to come forward and hand over unpaid tax. The Revenue expects the campaign to raise £500m and those who do not confess will now be investigated. Stephen Timms, financial secretary to the Treasury, said: "Hiding money in offshore accounts to evade tax is economically and morally unacceptable. It robs public services of funding and places an unfair burden on the honest majority of taxpayers.”
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