Offshore accounts under investigation

by Money Doctor Wednesday 29 November, 2006

Hi! It's the Finance Physician here.

It has come to my attention that nearly 80,000 people who have an offshore investment account are to be investigated.

It must be pointed out that its' not illegal for a United Kingdom resident to hold an offshore bank account!

But the trouble is that for a long time, some offshore bank accounts have been used a hiding place for taxpayers wishing to conceal funds from HM Revenue & Customs.

So if you are an offshore account holder, it might be worth reading this.

Categories for this post: Investment

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