This leaves questions unanswered.
First, as Margaret Hodge has confirmed this morning, HMRC when giving evidence to her committee not so long ago said they had contacted just one in six people on the Lagarde list of those who were UK resident but had funds in HSBC Switzerland. How can HMRC be sure then that all tax, interest and penalties have been paid? That seems to be impossible to me.
Second, why has so little money been collected? It was thought those involved had many billions in their accounts. This needs explanation.
Because not all people who are resident in the UK owe tax on money they have in Switzerland you fool! It’s exactly the same as the mistake you (and Richard Brooks, TJN etc) made about Osborne’s deal with the Swiss banks as a whole. People who are UK resident but non-dom can entirely legally have Swiss accounts upon which they do not pay UK tax. And as that Swiss bank deal with Osborne made clear, that’s what a lot of those Swiss bank accounts actually are. Non-doms who do not owe UK tax on their Swiss holdings.