Voluntary disclosure

Resolving matters with HMRC when things go awry.

Everyone makes mistakes, but what truly matters is stepping up, acknowledging them and taking responsibility. This approach is also beneficial because HMRC generally imposes lower penalties for voluntary disclosures compared to when they uncover the issue themselves.

That said, the idea of coming forward can feel overwhelming. We’re here to help by assessing the best disclosure strategy for your specific situation and helping you through the process to reduce follow-up inquiries and limit additional penalties.

The various disclosures you submit to HMRC.

There are different types of disclosures you may need to submit to HMRC, depending on your circumstances. Voluntary disclosures are encouraged, as they often result in reduced penalties compared to those identified through a HMRC investigation. Each type of disclosure requires specific information and accuracy to ensure compliance.

• Contractual Disclosure Facility: Protect yourself from criminal prosecution by allowing us to guide you through the Contractual Disclosure Facility process.
• Digital disclosure service: You can now make voluntary disclosures online via HMRC’s website. We can handle the submission on your behalf.
  
• Offshore income disclosure: Although HMRC is strict on undeclared income from overseas, voluntarily coming forward can still lead to a reduced penalty.
  

Letting HMRC know you have made an error.

If you need to inform HMRC about an error, we’re here to guide you with our expertise and leverage our network of contacts within HMRC.

We’ll start by assessing your situation to determine if a disclosure is necessary. From there, we’ll advise on the best approach – whether it’s using the Contractual Disclosure Facility, the digital disclosure service, taking advantage of HMRC campaigns for leniency, or making a direct disclosure through one of our contacts at HMRC.

Once we’ve developed a strategy together, we’ll prepare your disclosure and represent you to HMRC, working to mitigate the tax and penalties owed.