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HMRC’s worldwide disclosure facility

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HMRC has updated its guidance for taxpayers wishing to use the new worldwide disclosure facility for UK tax liabilities relating to offshore matters.

HMRC has updated its guidance for taxpayers wishing to use the new worldwide disclosure facility for UK tax liabilities relating to offshore matters. For complex cases, ‘in exceptional circumstances’ taxpayers may now have an additional 90 days from notification in which to make a disclosure, giving up to 180 days in total. Taxpayers should contact HMRC on 0300 322 7012 to check their eligibility for this additional time.

A check box has also been added to the disclosure form for taxpayers to declare if they are receiving tax credits.

See http://bit.ly/2cBekyY.

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