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YouTube warning to tax dodgers

posted : TUESDAY, 3RD NOVEMBER 2009 12:37:26 GMT comments : 16
- Search: YouTube tax warning

HM Revenue and Customs has posted itsvideo on YouTube warning tax dodgers
HM Revenue and Customs has posted itsvideo on YouTube warning tax dodgers

HM Revenue and Customs (HMRC) has posted its first ever video on YouTube warning tax dodgers to come clean about their offshore accounts.

The hard-hitting two-minute video warns people with offshore accounts that they have "one final chance to come clean" or they must "face the consequences".

In the video, Dave Hartnett, HMRC's permanent secretary for tax, tells people with undeclared accounts that if they do not take advantage of the new disclosure opportunity (NDO), they will face much higher penalties and even criminal prosecution.

People who make a full disclosure under the scheme are being offered a reduced penalty of 10% of any outstanding tax, on top of having to repay what they owe.

But those who do not take advantage of the NDO and are found to have undisclosed tax liabilities will face penalties of 30% to 100% of the amount they owe, as well as the risk of criminal prosecution.

Offshore account holders have until November 30 to notify HMRC that they plan to make use of the NDO, while disclosures must be made on paper by January 31 or electronically by March 12 next year.

In the video, Mr Hartnett says: "For some people, offshore bank accounts and tax havens typically conjure up images of exotic and faraway places, well out of the reach of the taxman at home.

"Well, life's just not like that any more. And here's a blunt message from HM Revenue and Customs: times have changed. The taxman now has more powers and more information."

He says people who thought they could ignore the NDO were burying their "head in the sand".

He adds that by fiddling their tax, people are "robbing public services of much-needed funding".

    1 - 10
    Stephen
    Monday, 2 November 2009 00:06:17 GMT

    What I do not understand is that I sold a property and paid the capital gains tax which I owed . How do you think I feel about the M.P.'s that do not have to pay the same capital gains tax . It's simply just totally amazing ... one rule for the ordinary man in the street and another rule for the so called ' elite ' ... and they make the rules in the first place !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    David
    Monday, 2 November 2009 22:53:06 GMT

    Ive come to the conclusion that the Government want us all to work all our days,smoke like a chimney drive a car then die when you reach retirement age then you would have been a perfect citizen.

    cj
    Monday, 2 November 2009 22:34:19 GMT

    perhaps when they start to return the taxes they rip us all off for people will be more inclined to pay up instead of two fingers up to the tax office.

    Nowin
    Monday, 2 November 2009 21:31:44 GMT

    Sorry people you are in a no win, no win situation.I left school at 15yrs old to start work and earn an income, all my life I have worked underground in the mines. All my working life I have filled in the tax form that the Inland Revenue (HMRC) have sent me every year. I don't mind paying my fair share of income tax but have always felt bitter as I always seem to be just a few £'s into a next bracket. When I retired I thought 'at last' no more tax forms to fill in and no more tax to pay......Wrong! Here comes the No Win, No Win situation.My meagre private pension plus my pittance of a state pension brought me well under my existing tax bracket, every person in the UK is allowed earn a certain amount of income before tax is taken off (Tax Free Personal Allowance) so what does the Taxman do... he finds a way to reduce my tax free allowance so I have to pay more tax on my already vastly reduced income income. I totally agree with all the comments so far, the UK tax system is unfair.

    memo
    Monday, 2 November 2009 19:55:01 GMT

    The point of having an offshore account is to abide by the rules of the offshore bank - If I go overseas and earn £100000 in 5 months and then come back to they UK they want me to pay tax on the whole income regardless of where I earned it!! That is tantamount to theft. Leave us alone and do what we pay you to do and you can start by getting the money back from the cheating mps!

    peanut
    Monday, 2 November 2009 18:56:26 GMT

    Considering taxmen are just parasites living off the earnings of other people who make the wealth, the've a damn cheek to critisise anyone. Parasites are bad enough, but self righteous parasites are even worse!

    Dave
    Monday, 2 November 2009 18:42:03 GMT

    It's time the citizens of this nation asked two questions - one of HMRC's Mr. Hartnett and one of Gordon Brown: to Mr. Hartnett I ask - show us the Law - the actual words - which constitutionally bind us to pay ANY tax let alone the hundreds of taxes whimsically created by ALL governments everywhere which they use to maintain control over their citizens and to Mr. Brown I ask when he is going to take control of the money-supply completely away from the PRIVATE owners of The Bank of England who for nearly 100 years have forced Government to buy their criminally-created 'vapour' money (there is none, it's just THEIR book-keeping which says they have given anything) and extort huge interest payments which Mr. Hartnett threatens US yes US with having to pay back. People created Government to SERVE THEM not the other way round - but you'd have a hard time getting the Bankers and their Government agents to believe that! Show us the Law Mr. Hartnett and stop playing hard-ball with us!

    Glen
    Monday, 2 November 2009 18:37:48 GMT

    I doubt if this heart felt plea from HM Revenue & Custumns includes MP's in their threats, I wouldn't be to botherd if I was at the top. As the fact that those at the top employ top accountants to fight their cause is reflected by the fact New Labour have gone for the easy targets those at the bottom on minimum wage time and time again to make up the difference, Remember 10p tax anybody? plus Gordons planned Save the world Green Taxes on everybodies fuel bills which will hit the poorest far more than the tax dodging rich.

    Baz
    Monday, 2 November 2009 18:26:20 GMT

    Daz is right. The screwed up Stalinist EU and Nu Labour government will eventually do away with small busineses. Small business reflects individuality and choice. The powers that be want state dependency and slavery. Britain and its future is an EU experiment, informed in part by a desire for revenge against a more successful colonialist empire. No doubt these hunters of offshore money are HMRC's elite who now operate on bonuses, just the same as those greedy scumbag people from the Square Mile in their striped suits and red braces. If the Uk reduced our riduclulously high taxes and introduced a flat rate of ten per cent for everyone, the coffers would be full enough for wasting money on stupid things like race relations, etc. It would also get shut of the 9000 plus page tax rules and rid of us non-productve accountsants and tax advisers.

    Tom
    Monday, 2 November 2009 18:16:42 GMT

    We should all refuse to pay our taxes till the chancellor alistair darling has been investigated in a court of law and dealt with by the courts. Thought labour was for everyone being equal. He has diddled us the public by flipping his home. When does the revolution start. Suppose its easier to do what we are told and queue in the rain to pay our taxes. It all stinks at the top.

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