Posted: 11 August 2009
Issue: Online only
Categories: Miscellaneous
Keywords: NDO, ODF, LDF, THP

A run-down of Taxation news and analysis of the ODF, NDO, LDF and THP

News

NDO deadline imminent
Disclosures must be made by 12 March

LDF
Hansard, 8 Feb 2010, vol 505, no 39, col 764W

Tax health plan expands its practice
Dentists to be included in latest 'amnesty'

Dentists 'may be next for tax scrutiny'
THP only covers GMC-registered individuals

HMRC launch 'amnesty' for medical pros
Tax health plan is 'future of investigations'

10,000 sign up to offshore initiative
HMRC 'very pleased' with NDO response

Top doctors face NDO-style scrutiny
HMRC mooted to probe offshore accounts of medical consultants

HMRC make more time for disclosure
NDO registration deadline extended

NDO deadline 'should be extended'
Investigations expert criticises 'big flaw' in implementation

YouTube warning for offshore tax evaders
Hartnett exhorts viewers to use NDO or face prosecution

More disclosure deals may be offered
Revenue in discussion with tax havens

HMRC dismiss NDO security worries
'False declarations are highly unlikely'

Offshore disclosure support launched
NDO podcast and LDF helpline

Banks forced to reveal offshore client details
NDO orders issued to 300-plus institutions - but do HMRC have resources to process data?

UK launches Liechtenstein disclosure facility
Scheme criticised for 'unfair' differences from NDO

New disclosure opportunity confirmed
Final details announced

NDO window set to open on 1 September
Account holders will have until 12 March to submit details

More NDO penalty details announced
20% fine for those targeted by ODF

Advertise NDO or see it fail, HMRC warned
'Lessons of ODF must be learned'

10% penalty cap for NDO 'newcomers'
But tougher fines for those approached during ODF

Doubt cast on NDO revenue prediction
PwC's £2bn estimate is optimistic, says tax investigator

Concerns about NDO's lack of detail
No launch date for new offshore disclosure scheme

HMRC accused of breach of confidentiality
ODF study raises taxpayer privacy concerns

Offshore clampdown 'set to increase'
Grant Thornton predicts new amnesty

New offshore amnesty 'not credible'
Hartnett's plan a waste of time, says investigations expert

HMRC 'presuming taxpayers are guilty'
Criticism as ODF follow-up includes threat of legal action

'Successful' amnesty raises £400m
Tax investigation expert recommends second ODF

Second offshore amnesty 'not logical'
HMRC castigated for preparing to offer second 'amnesty' to those who owe tax on bank accounts overseas

Offshore inquiry 'filters down' to smaller banks
HMRC's latest investigations into avoidance are 'entirely right', says tax investigation expert

3,500 investigations
HMRC are planning to investigate up to 3,500 cases a month arising from non-disclosure

ODF stage 2
Notification period is over

Anything to disclose?
Bid to boost ODF respondents

Comment & Analysis

Doing the rounds
A CIOT round table on the tax health plan brought together HMRC, tax advisers, medical professionals – and MIKE TRUMAN

Worrying symptoms
HMRC are interested in medical professionals. ROBERT LILLYCROP explains what additional information the department can obtain from medical records

Doctor, doctor...
PHIL BERWICK considers the practical aspects of HMRC’s tax health plan

I’m a medic!
MIKE TRUMAN finds that it is not as easy to get into the tax health plan as first reports suggested

Last of its kind
MIKE TRUMAN interviews the Permanent Secretary for Tax, Dave Hartnett, on the past, present and future of offshore disclosure

Stringing it out
How many more disclosure opportunities are there going to be? MIKE TRUMAN wants to know 

Victory for HMRC
ANDREW WATT highlights the differences between the Liechtenstein disclosure facility and the new disclosure opportunity

Golden openings
SIMON AIREY gives an overview of the FA 2008, Sch 36 notices against financial institutions

Lessons learnt?
PHIL BERWICK considers issues arising under the new disclosure opportunity and whether HMRC learnt any lessons from the offshore disclosure facility

Turning up the heat
JOHN CASSIDY comments on HMRC's use of intervention letters and the discovery provisions for those who did not use the Offshore Disclosure Facility

In hot pursuit
HMRC is going after those offshore account holders who did not use the offshore disclosure facility. JOHN CASSIDY examines how the department will do this

Brave new world...
...that has such people in it. JOHN CASSIDY considers the problems of relying on HMRC to use their new powers reasonably

Poor parenting
How many times can HMRC threaten taxpayers with undisclosed offshore accounts? MIKE TRUMAN is getting worried

Next move?
GARY ASHFORD of Grant Thornton UK LLP considers the next steps after the first stage of the offshore disclosure initiative

After the amnesty
JOHN CASSIDY considers what happens now that the Offshore Disclosure Facility registration window has closed

Last minute rush?
Notices of intent to disclose offshore income are gathering apace. ALLISON PLAGER speaks to Dave Hartnett to discover the latest

Peering through the fog
REG DAY considers the range of information that is now available to HMRC to check disclosures under the Offshore Disclosure Facility and to target those who do not come forward

Meeting points: Tolley's Breakfast Briefing
HMRC's offshore tax 'amnesty'.

Is it really a bargain?
ROBERT MAAS suggests that practitioners think carefully before biting into HMRC's Offshore Disclosure Facility

Amnesty international?
FRANCESCA LAGERBERG and PAUL ROBERTS consider HMRC's recent announcement about an Offshore Disclosure Facility

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