Offshore tax

Tanya Powley

You may not have paid much attention before to what the Liberal Democrats’ policies on tax consist of but now that they’ve taken a surprise lead in the polls it’s worth knowing exactly what they have proposed and how it might affect you. If a hung parliament is the outcome of the upcoming general election then the Lib Dems’ manifesto will be all the more significant.

Lucy Warwick-Ching

It was inevitable, I suppose. David Miliband has 1,424 ‘supporters’ on Facebook. The Treasury has 4,690 followers on Twitter. So now HMRC has taken to social networking to encourage us to come clean about offshore bank accounts.

Dave Hartnett, permanent secretary for tax at HM Revenue and Customs (HMRC), has posted a hard-hitting two minute video warning about tax dodging on YouTube, warning that anyone ”fiddling” their taxes could face jail.

Lucy Warwick-Ching

The taxman wants to be your friend. But only if you’re one of Britain’s 5,000 richest people.

HMRC recently identified those taxpayers that would sit within its new special “high net worth unit” and has sent letters to this group informing them of its decision. But instead of using its usual formal tones and technical language it has softened its vocabulary and has written about its hopes for an “enhanced relationship”  between the taxman and its “customers” by developing “trust and understanding”.

The FT’s Money blog is a forum for the latest news and insights from the UK’s personal finance scene. Matthew Vincent, the editor of FT Money and his team of reporters will upload their views and insights on what’s happening in the industry and how this affects people’s finances.

This blog is no longer active but it remains open as an archive.

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About our bloggers

Lucy Warwick-Ching is the FT’s new Money Online Editor and has been a UK Companies reporter covering tobacco, pubs and leisure companies as well as the deputy editor on House and Home.

Matthew Vincent is the FT’s Personal Finance Editor and was previously the editor of Investors Chronicle, where he also devised the award-winning online video The Market Programme, and produced the BBC-FT standalone magazine ‘How to be Better Off’. He presents the weekly FT Money Show audio podcast, and previously worked on the BBC TV programmes Short Change and Pound for Pound.

Alice Ross is deputy personal finance editor of FT Money. She specialises in pensions, investments and investment trusts. Alice joined FT Money in April 2008 - prior to that she was deputy editor at Money Management magazine.

Ellen Kelleher has been a personal finance reporter in the UK for close to four years. Before arriving in London, she worked in the FT's New York bureau where she covered the insurance sector.

Steve Lodge is a personal finance reporter on FT Money specialising in savings.

Josephine Cumbo has written about all aspects of personal finance but currently specialises in insurance. She also covered company news for Prior to working at the FT she was a news reporter for the ABC.

Tanya Powley is a personal finance reporter on FT Money specialising in mortgages and the housing market. Tanya joined FT Money in November 2009 after working in Australia covering personal finance for the Australian Financial Review and its sister magazine Asset. Prior to that, Tanya wrote about mortgages for UK trade newspaper Money Marketing.

Jonathan Eley is editor of Investors Chronicle, and has been with the title for ten years. Before that he worked for newswires and trade journals in London, New York and Hong Kong.