Description
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HMRC views voluntary disclosures favorably. They are more inclined to accept taxpayer explanations when independent evidence is lacking, and they often reduce the financial penalties sought as part of the final settlement. In certain cases, HMRC may even waive penalties altogether.
An additional benefit for taxpayers is that once a full disclosure is made to HMRC, they no longer need to fear receiving a letter initiating a tax investigation into their affairs.
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How We Can Help
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Our tax team will review your circumstances to ensure that the disclosure is presented to HMRC in the most favorable light to minimize your tax exposure. We handle your disclosure professionally to ensure HMRC's acceptance and prompt resolution of matters.
If you're considering making a voluntary disclosure of tax irregularities to HMRC, please contact us for a free, confidential, and no-obligation discussion. We are happy to provide an initial meeting free of charge to prospective clients.