A Permanent Secretary for Tax at HM Revenue and Customs, Dave Hartnett, posted a video warning about tax dodging on a video sharing website YouTube, with an attempt to strain the savers with illegal offshore accounts, hence, declaring them as not coming clean.

Moreover elucidating, he affirms that anyone who receives savings and investment income from abroad needs to declare it on their tax return. They might have to pay UK income tax as a result, but if they have paid foreign tax on the income they might be able to deduct this.

Though department has previously appeared in different TV commercials, but the strategy of appearing on the popular video-sharing site to promote their latest messages is alleged to be innovative method.

Positioning to give a second possibility to defaulters, HMRC asked them to pay tax, plus interest and limited penalties, on money they may have been hiding in bank accounts abroad. "For some people, offshore bank accounts and tax havens typically conjure up images of exotic and far away places, well out of the reach of the taxman at home. Well, life's just not like that any more. The taxman now has more powers and more information," said Mr. Hartnett.

Articulating the deadline of 30th November, Mr. Hartnett explains about the Government’s “new disclosure opportunity and allows people to reveal all the details of their offshore accounts, in exchange for abridged penalties and immunity from prison.” Otherwise the defaulters are more probable to be penalized up to 100%, in addition to the prosecution.