The cost involved in providing the information requested is disproportionate.
In regards to the specific Offshore Disclosure Facility (ODF), the facility was launched in April 2007 to deal with the detailed information we had obtained from a number of major banks on around 400,000 UK-based offshore account holders.
HMRC is pursuing those with offshore accounts who did not come forward under the arrangements or where there is a risk that the full amount has not been declared. It is also making inquiries where people appear to have undeclared liabilities but have not come forward.