Tax Disclosures: Bring your affairs up to date with HMRC

As our world becomes ever more digitalised, HMRC have gained access to a vast range of sources of information, which can make any undeclared income or gains easily identifiable.

Tax enquiries can be daunting and we can provide assistance and support throughout such a task, ensuring not only that the position is resolved properly, but also to ensure that the best possible outcome is reached.

It’s easy to bury your head in the sand and hope that HMRC may not spot omissions, but they have powers to raise assessments for as long as 20 years after the event, so it is important that your tax affairs are kept updated to the best of your knowledge.

We have extensive experience with making disclosures and can guide you through the process, helping to ensure you secure the lowest possible penalties. We can liaise directly with HMRC on your behalf, relieving the pressure from you.

If you know you have any undisclosed income or gains it is in your best interest to bring your tax affairs up-to-date before HMRC find out.

Disclaimer - All information in this post was correct at time of writing.