Ashley Hill
Partner
Voluntary disclosures to HMRC
Realising that your tax affairs may not be in order can be stressful. Early action can make a significant difference where there have been tax reporting inaccuracies or irregularities.
As HMRC’s own guidance makes clear, a voluntary disclosure made before HMRC opens an enquiry will often result in lower penalties and a quicker resolution than waiting for HMRC to contact you.
Our specialist tax compliance team supports individuals, trustees, employers and businesses with voluntary disclosures across a wide range of domestic and cross-border tax matters.
How our tax compliance specialists can help
We have extensive experience in supporting clients with the voluntary disclosure process, including in relation to complex domestic and cross-border tax matters.
Our team regularly advises on:
- Undeclared assets
- Property income
- Offshore income and gains
- Small business trading income
- Employment taxes
- PAYE irregularities
- Employment-related securities
- Cryptocurrency transactions
- Trusts and estate taxation
- Corporate tax
We appreciate that many clients are concerned about the financial and personal impact of historic tax issues. We provide clear, practical advice throughout the disclosure process and work proactively with you and with HMRC to achieve the best possible outcome.
Meet an expert from our Tax team
Ashley has over 20 years' experience advising high net worth individuals in respect of their UK personal tax affairs. This includes international and offshore tax issues, trusts, offshore corporates and clients’ businesses both in and outside of the UK.
Speak to a tax expert
Complete our enquiry form and one of our experts will contact you by the next working day.
Alternatively, you can call us now.
Our opening hours are Monday to Friday 8am to 6pm (Excluding Public Holidays).
03300291106
Frequently asked questions about voluntary disclosures to HMRC
Whilst every case depends on its facts, we know from experience that an early and well-prepared disclosure can often lead to significantly reduced penalties.
The level of any penalty will depend on factors such as:
- Whether the disclosure is unprompted or prompted.
- The taxpayer's behaviour.
- The quality and completeness of the disclosure.
- The extent to which the taxpayer assists HMRC during the process.
Our detailed representations to HMRC regularly support reduced penalties, setting out a clear explanation of the circumstances surrounding errors and highlighting mitigating factors.
Get in touch for a no obligation initial consultation
To arrange a no-obligation consultation, please contact our specialist tax team and we will be happy to discuss your circumstances, the support we can provide and the likely cost of proceeding if you decide you would like us to assist you.
The initial consultation is without obligation. You will not incur any charges unless you decide to engage us to act for you following on from our initial consultation.
All discussions are treated in strict confidence.
Making an enquiry
We have several ways you can contact us, either by completing our online contact form, by phone, or using our live chat. If you start your journey online, here are the first steps to working together.
Complete our online formWe need a few details to understand your situation and the kind of support you need.
We’ll contact you by phoneOn the call our experts will ask you a few more questions to make sure we connect you with the right legal advice from our team.
We arrange a full appointmentIf we’re able to support you further, the next step is an appointment with one of our specialists so we can discuss everything in more detail.
