Published: Tuesday, 15th December, 2009 5:31pm

Offshore tide turns

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ACCOUNTANT Stuart Weekes from Howarth Clark Whitehill in Reading has warned time is running out for anyone evading taxes by stashing money offshore.

HM Revenue & Customs is clamping down on undeclared overseas assets but has extended the deadline for disclosures from November 30 to January 4, Penalties increase after that.

Stuart said: "It is abundantly clear that HMRC is truly flexing its muscles in respect of offshore tax issues.