Amnesty on undeclared income to close
The rules are changing for residents who admit to filling out their tax returns incorrectly.
Under current regulations, taxpayers who voluntarily inform the government's Income Tax Division about unpaid or undeclared amounts can avoid paying penalties beyond the sum owed.
But from 6 October, the amnesty is ending - and deception could result in hefty fines.
Since April this year, over £9 million of undeclared income has been discovered by authorities.
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Those breaching restriction could face prosecution and a fine of up to £10,000