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March 2008 – Tax man asks five thousand offshore account holders to open their financial affairs or face penalties

June 2008 – Treasury relaxes HMRC inspection powers; business breathes a sigh of relief

September 2008 – HMRC turns the spotlight on rental income

October 2008 – Offshore investigations set to increase as investors seek UK government savings guarantee

December 2008 – Hidden economy likely to come under scrutiny as taxman goes in search of lost revenue

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