Summer 2009 Newsletter Content Pot and kettle No more stealth Pensions hit A place in the sun Ready or not... Nice motor Making allowances Good times, bad times Tax-free checkup Three square meals Funny question Dividend rules OK? Too good to be true? Pay my friend Early EIS Mind the halfpennies Just the ticket Flat rate changes Foreign Service This year, next year Partial exemption Penalties Compliance checks Under their eye Howzat? Know your rights Discipline Don't be mean Redundancy Two sorts of absence Warranties

Ready or not... HM Revenue & Customs seem to be playing hide-and-seek with people who have undeclared cash in foreign bank accounts. First they persuaded the courts to give them access to bank records. Then they decided it would be better to get people to come forward, so in 2007 they introduced a "disclosure facility" - that meant that anyone who came forward with full details of cash held abroad and where it came from could pay their tax and only suffer a 10% penalty. We were told that anyone who didn't take the opportunity would then be pursued with the full rigour of the law. Now we are told that there will be another disclosure "opportunity" that will start in the autumn and run for a limited period. Presumably anyone who takes this chance after turning down the last one will have to pay more than 10% - but then, we suppose, they really will get heavy with anyone who is still hiding. If you have an offshore account, it's worth making sure that it's being treated properly for tax. If it is, it's useful to be able to prove that to the taxman. If it isn't, it's important to put things right. We can help.