The AML Watchman

The world of AML has changed out of all recognition over the last decade. Old crimes are subject to new laws, professional firms and financial institutions are subject to criminal sanctions and regulatory review as never before. Yet the individual client has virtually no say over what various national governments and their competing departments are doing to their rights and liberties in their name. This blog attempts to address the dilemma posed by the question “Quis custōdiet ipsōs custōdēs?”

Showing posts with label AIA. Show all posts

Thursday, 13 August 2009

"Double Standards Of Tax Amnesty May Deter Disclosures"

Association of International Accountants: (AIA)

In a useful article linked to above, PKF Accountants are quoted as outlining a subtle difference between the current and previous Offshore Tax Amnesty scheme. In short the last scheme run by HMRC was matched by a virtually identical scheme in the UK. This time the supporting UK scheme is not on offer. So the advice is still to take advantage of this offer but don't expect the same treatment for any undeclared UK income or assets.