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Tax Amnesty?

Chris Oates, Partner, Ernst & Young, and Rob Brockwell, Senior Manager, Ernst & Young, discuss the impact of the decision to launch two disclosure facilities with different terms and deadlines

 
Chris Oates Partner Ernst & Young and Rob Brockwell Senior Manager Ernst & Young discuss the impact of the decision to launch two disclosure facilities with different terms and deadlines
 
After being trailed in the 2009 Budget HMRC formally launched the 'New Disclosure Opportunity' (NDO) on 28 July 2009. The NDO is a follow-up to 2007's Offshore Disclosure Facility (ODF) which raised approximately £400m for HMRC. At the time of the NDO launch David Hartnett HMRC Permanent Secretary for Tax stated 'this will be the last opportunity of its kind' (HMRC Press Release 28 July...

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