PRIME Minister David Cameron has written a letter to Britain’s overseas territories, including Guernsey, stressing the need for them to ‘get our own houses in order’ as he pushes for international action to tackle avoidance schemes.

A STRONG warning about a likely end of tax avoidance-based activities in the Guernsey finance sector has been issued by the director-general of the Financial Services Commission.

AN ‘OLD Sark Larker’ was filmed by an undercover Panorama journalist in Guernsey allegedly offering to hide £6m. from the UK taxman.

TAX firms could in future be forced to identify clients who use aggressive avoidance schemes, under plans unveiled by the UK government.

EVEN the most one-eyed defender of tax structures in the Channel Islands will have winced at the scheme exposed by yesterday’s in-depth report in The Times.

A CLAMPDOWN on tax avoidance will help the UK government raise an extra £500m. a year, according to yesterday’s Budget.

GUERNSEY faces increasing pressures as both the UK and the US tackle taxes, according to a local expert.

THE difference between tax avoidance and tax evasion has been further clouded after the UK Budget announcement, according to local tax expert Tony Mancini.