Making a disclosure to HMRC

Source: HM Revenue & Customs | | 24/05/2017

HMRC has updated their online guidance for individuals and companies who have a disclosure to make that isn’t covered by a  current HMRC campaign or the Worldwide Disclosure Facility. The guidance is relevant for disclosures relating to income tax, capital gains tax, national insurance contributions and corporation tax. Notifications can be made using HMRC’s Digital Disclosure Service and follows a similar process to making a disclosure under one of the targeted campaigns.

The following targeted disclosure opportunities are currently available:

Second Incomes Campaign

The Second Incomes Campaign offers individuals the opportunity to inform HMRC that they have undeclared income from a supplementary income stream. The campaign targets individuals in employment who have additional untaxed sources of income.

Let Property Campaign

The Let Property Campaign targets landlords who have undeclared income from residential property lettings. The campaign offers the opportunity for landlords to come clean about any outstanding liabilities.

Credit Card Sales Campaign

The Credit Card Sales Campaign offers individuals and businesses that accept credit and debit card payments the opportunity to bring their affairs up to date and take advantage of the best possible terms. Any individual or company that accepts credit and debit card payments should be registered with HMRC.

Worldwide Disclosure Facility

The Worldwide Disclosure Facility (WDF) is open to anyone who wants to disclose a UK tax liability that relates wholly or partly to an offshore issue can use the WDF. The WDF does not offer any special terms and in most cases any interest and penalties levied will be charged in full. The WDF will remain available after 30 September 2018 but the terms are expected to be more onerous than those currently available.

Any individual or business that has deliberately evaded tax should seek to take action to make a voluntary disclosure to HMRC. We would be happy to discuss your available options and make the process as painless as possible.



Latest News

Ken Dodd has the last laugh
20/03/2018 - More...
The recent death of the comedian, Sir Ken Dodd, aged 90, would not usually be the topic of one of our weekly articles. However, the comedian managed to have one last laugh by

Self-catering and holiday let business rates
20/03/2018 - More...
One important aspect of a self-catering or holiday let business that should not be overlooked, is whether or not the owner of a holiday let is liable to pay business rates.

HMRC tackling online VAT fraud
20/03/2018 - More...
Under new rules that came into force on 15 March 2018, HMRC has enhanced powers to make online marketplaces accountable for VAT fraud committed by online sellers on their



With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login