HMRC currently has several 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 recent years HMRC have created a series of campaigns and settlement or disclosure opportunities aimed towards:

  • Business sectors such as plumbers, doctors and solicitors
  • Types of investment income such as from offshore assets or second homes
  • Compliance failures such as outstanding VAT or self-assessment Tax Returns
  • Tax planning schemes such as EBT's.

Each campaign broadly follows the same pattern:

  • HMRC will identify taxpayers from a specific group who it considers may have outstanding tax liabilities.
  • HMRC offers taxpayers the opportunity to make a voluntary disclosure using a published notification form or by other agreed means.
  • Ordinarily the taxpayer will first notify HMRC of their intention to make a disclosure, after which they will have further time to fully disclose what is owned and make a payment to HMRC.
  • Making a voluntary disclosure under a scheme will enable taxpayers to benefit from reduced penalties and in some cases to avoid penalties altogether.
  • Most disclosure opportunities have a fixed closing date, after which HMRC may investigate any identified taxpayers who did not come forward voluntarily.

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 @ August 2018

The following tax scheme and settlement opportunities are open:

Previous disclosure campaigns which are now closed included:

  • The Second Incomes Campaign for employees with undeclared second income.
  • The Liechtenstein Disclosure Facility (LDF) in respect of offshore income and assets.
  • The National Minimum Wage Campaign for employers or company directors who may not have complied with NMW requirements in the past.

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