Its being claimed that UK Revenue and Customs is to launch its clampdown on undisclosed tax liabilities in offshore accounts on 9 July.
That would be just over a fortnight after the 22 June notification deadline under its new offshore amnesty facility.
The warning comes on LawandTax news.com , from tax advisory firm Chiltern Plc who say that those with undisclosed tax liabilities connected with an offshore account,
who do not notify by 22 June, could well find themselves under investigation any time after 9 July.
By contrast, he says, people who notify their intention to make a disclosure before the deadline of 22 June can be assured that HMRC will not raise any enquiry into their affairs prior to the disclosure deadline of 26 November, he claims.
Apparently 9 July is the first date on which HMRC can be assured that all notifications have been processed and the appropriate 'no enquiry' signal posted to the taxpayer's computer record."
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