HMRC has kept several of its tax campaigns, or disclosure opportunities open. Any clients who might have undeclared liabilities in these areas should be encouraged to make disclosures to HMRC sooner rather than later to minimise penalties, interest and the pain of a formal investigation.

In the last few years HMRC have created a series of campaigns aimed towards:

Each campaign broadly follows the same pattern:

HMRC have a number of tools they can use to identify non-compliant taxpayers, including obtaining information from third parties, reviewing details of property transactions registered with the Land Registry, and the use of software to search the internet for inconsistencies involving people and their lifestyles.

Campaigns open @ September 2016

The following tax scheme and settlement opportunities are open:

From 5 September 2016

 Taxpayers who cannot use these open campaigns may make a voluntary disclosure: the disadvantage being that the favourable penalties offered under a published campaign will not apply.